All categories

2 years ago

If the product price is $283 the per-unit economic profit at the profit-maximizing output is:________

Business

1 answer:

dusya [7]2 years ago

6 0

The per-unit economic profit at the profit-maximizing output is $112 if the product price is $283.

<h3>How do we calculate profit-maximizing price?</h3>

The rule for calculating a profit-maximizing perfectly competitive firm is to produce the level of output where Price equals the Marginal Revenues= Marginal cost.

Hence, the economic profit is calculated by Total Revenue - (Explicit Costs + Implicit Costs) because it entails the difference between the revenue received from the sale of an output and the costs of all inputs.

Therefore, the per-unit economic profit at the profit-maximizing output is $112 if the product price is $283.

You might be interested in

Would rocks make a good form of money? Explain why or why not?

barxatty [35]

Answer:

no.

Explanation:

They are to common.

8 0

4 years ago

Salespeople prepare for presentations by: Multiple select question. planning to go directly to close tailoring the presentation

Andreas93 [3]

Salespeople prepare for presentations by:

A. Planning to go directly to close tailoring the presentation to the customer's wants.
C. Gathering testimonials when preparing for a sales presentation can be helpful in overcoming customer objection.

<h3>Who are salespeople?</h3>

Salespeople can be defined as the people whose soles and responsibility is to sell company product to customers and to generate sales.

Sales person tend to prepare presentation that will fit in with what the customers want or preference is and the presentation need to convince the customers so as to enable the customers patronize the company in which the sales person work for,

Therefore the correct option is A, C.

Learn more about salesperson here:brainly.com/question/25586322

#SPJ1

5 0

2 years ago

What is a rental inventory and why is it a good idea to have one?

bearhunter [10]

A rental inventory is basically like people rent you things. Cars, and lots of stuff. its a good idea to have a rental inventory because you can rent people things in a business.

3 0

3 years ago

The following transactions occurred last year at Jogger Corporation: Issuance of shares of the company's own common stock $ 110,

Nata [24]

Answer:

b. $7,000

Explanation:

Statement of Cash-flow from Financing activities

Particulars Amount

Issue common Stock $110,000

Dividend paid -$3,000

Retirement of bonds payable -<u>$100,000</u>

Net cash flow from financing activities <u>$7,000 </u>

4 0

3 years ago

Select the education and qualifications that are most helpful for Business Analysis careers. Check all that apply.

Eva8 [605]

Answer:

computer skills,marketing skill ,research skill ,bachelor degree in finance,problem solving skills.

Explanation:

6 0

3 years ago

Read 2 more answers