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How do you find profit maximizing level of output?
The best way to find the profit maximizing level of to calculate it using the profit maximizing formula. To calculate it you need to know margins and how long it takes you to do each task.
How do you calculate the profit maximizing output level given a total revenue and total cost function?
how to calculate profit maximizing water level under quadratic cost function
What is the relation between economic development and sustainability?
The more economic development that occurs, the less sustainable the development is. Rapid growth is done at the expense of developing sustainable practices. Profit requires maximizing exploitation of resources and labor.
Not-for-profit organizations must make economic decisions?
Yes, the term "not-for-profit" doesn't mean those organizations do not aim at maximizing profits. Just they are not distributing the profits to their shareholders or owners but using the profits to achieve the organizations' goals.
Where will A profit maximizing firm produce?
Where the marginal benefits equal marginal costs.
In a long run situation what is economic profit if the profit maximizing point is 5 and the price is 8?
because the Price is Right
How do you find profit maximizing level of output?
The best way to find the profit maximizing level of to calculate it using the profit maximizing formula. To calculate it you need to know margins and how long it takes you to do each task.
How do you calculate the profit maximizing output level given a total revenue and total cost function?
how to calculate profit maximizing water level under quadratic cost function
What is the relation between economic development and sustainability?
The more economic development that occurs, the less sustainable the development is. Rapid growth is done at the expense of developing sustainable practices. Profit requires maximizing exploitation of resources and labor.
Not-for-profit organizations must make economic decisions?
Yes, the term "not-for-profit" doesn't mean those organizations do not aim at maximizing profits. Just they are not distributing the profits to their shareholders or owners but using the profits to achieve the organizations' goals.
What is the profit maximizing decision a perfectly competitive firm makes in the short run and explain why this firm can make profits in the short run but not in the long run?
A perfectly competitive firm maximizes profit in the short run by producing the quantity where marginal cost equals marginal revenue. In the short run, firms can make profits due to price fluctuations and temporary market conditions, but in the long run, new firms can easily enter the market, increasing competition and driving down prices to the point where economic profits are reduced to zero.
How do you find a monopolist's profit maximising...?
The monopolist's profit maximizing level of output is found by equating its marginal revenue with its marginal cost, which is the same profit maximizing condition that a perfectly competitive firm uses to determine its equilibrium level of output. Indeed, the condition that marginal revenue equal marginal cost is used to determine the profit maximizing level of output of every firm, regardless of the market structure in which the firm is operating.
Where will A profit maximizing firm produce?
Where the marginal benefits equal marginal costs.
What is a profit constraints?
In economics, profit constraints basically have two categories. Non-binding and binding profit constraints. Non-binding is more likely preferred by managers who pursue an 'enough profit level' comparing with a higher chosen by owners. This finally gives rise to a bind and a non-bind curve that shows a profit of maximum total revenue level below or above the profit constrain that is determined by owners and managers respectively.
Is economic profit always less than accounting profit?
No economic profit is not always less than accounting profit; However, if accounting profit is less than economic profit the business would exit the industry.
The level of profit maximizing output is reached when marginal cost is?
equal to marginal revenue
What is maximizing corporate profits?
Maximizing corporate profits is a kind of idea which is simple, obvious and straightforward. To maximize a profit is to squeeze in as much value of a certain resources as possible.
