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vladimir1956 [14]
1 year ago
8

For each price in the following table, calculate the firm's optimal quantity of units to produce, and determine the profit or lo

ss if it produces at that quantity, using the data from the graph to identify its total variable cost. Assume that if the firm is indifferent between producing and shutting down, it will produce
Business
1 answer:
8090 [49]1 year ago
8 0

Total variable cost is -44000 ,0, 244000.

TR = P * Q

TC = FC + VC

Profit = TR - TC

Price Q                        TR                       FC              VC

10      6000 6000 * 10 = 60000 44000 =10 * 6000 = 60000    

16 8000 16 * 8000 = 128000 44000 =10.5 * 8000 = 84000

40 12000 40 * 12000 = 480000 44000 =16*12000 = 192000

Profit

-44000

0

244000.

The main goal of a perfect competitor to maximize profits is to calculate the optimum production level where marginal cost (MC) = market price (P). As shown in the graph above, the point of profit maximization is where the MC intersects the MR or P.

This is the output when the marginal revenue from the last sold unit is equal to the marginal cost to produce it.

In order to maximize profits, companies need to produce in a place where marginal revenue and marginal cost are equal. The company's marginal production cost is $ 20 per unit. If the company produces 4 units, its marginal revenue is $ 20. Therefore, the company needs to produce 4 production units.

Learn more about profit or loss here: brainly.com/question/13799721

#SPJ4

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Answer:

D, balanced scorecard

Explanation:

A balanced scorecard is a management strategy in which managers are able to assess the amount of job done by employees under their area of control.

It also helps to see whatever complications or success that are as a result of the job done by the employees.

A balance scorecard involves the satisfaction of customers by how much time, quality of service, performance of service, among other things. Also, the balance scorecard is helps to focus on some other important roles that could affect customer satisfaction.

Cheers.

3 0
3 years ago
Evidence by Blake, Elton, and Gruber indicates that, on average, actively managed bond funds ______. outperform passive fixed-in
Andrei [34K]

Answer:

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saveliy_v [14]

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Oil prices are denominated in terms of _____ in international commodities markets.
igor_vitrenko [27]

Oil prices are denominated in terms of Dollars in international commodities markets.

<h3>What is market explain?</h3>

The entire number of market participants in the region or neighborhood under consideration is referred to as the market. Earth, as well as several nations, regions, states, and cities, may be the subject. The worth, expense, and cost of the goods traded depend on the buyers and sellers in the market.

<h3>What types of markets are examples?</h3>

Any location where producers, retailers, or distributors sell and customers buy is a market. Websites, main streets, and stores are a few examples. The phrase may also be used to describe all customers who purchase a product or service. Market-based businesses frequently face competition from other businesses.

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5 0
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Why was Megatrends important? A. It changed the way people studied the economy. B. It made Americans realize how far behind they
Romashka [77]
The answer is (D.) It started people thinking about how technology and information would shape the future.
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