In perfect competition, the profit‐maximizing volume is the quantity at which
A.marginal cost equals marginal revenue
B.contribution margin equals fixed cost
C.marginal revenue equals price
D.price exceeds marginal cost
A.marginal cost equals marginal revenue
B.contribution margin equals fixed cost
C.marginal revenue equals price
D.price exceeds marginal cost
A、firms make profit-maximizing decisions.
B、consumers make utility-maximizing decisions.
C、wages are determined in competitive labor markets.
D、prices are determined in competitive goods markets.
B.Now suppose the firm has previously announced a price slightly above the optimum. Show this price and the quantity sol
D.Show the area representing the lost profit from the excessive pric
E.Show the area representing the lost consumer surplus.
C.The firm decides whether to cut its price by comparing the extra profit from a lower price to the menu cost. In making this decision, what externality is the firm ignoring In what sense is the firm’s price-adjustment decision inefficient
(1)找出利润最大化时的L数量。
(2)找出利润最大化时的q数量。
(3)最大化利润是多少?
(4)假设现在每单位的产出要征税30美元,而每小时的劳动能得到15美元的补助。并且假设企业是价格接受者,所以产品价格保持150美元不变。找出新的利润最大化的L、q和利润。
(5)假设企业要为利润支付20%的税额。找出新的利润最大化的L、q和利润。
A firm uses a single input, labor, to produce output q according to the production function q =8√L. The commodity sells for S 150 per unit and the wage rule is $ 75 per hour.
a. Find the profit - maximizing quantity of L.
b. Find the profit - maximizing quantity of q.
c. What is the maximum profit?
d. Suppose now that the firm is taxed $ 30 per unit of output and that the wage rate is subsidized at a rate of $ 15 per hour. Assume that the firm is a price taker, so the price of the product remains at $ 150. Find the new profit - maximizing levels of L, q, and profit.
e. Now suppose that the firm is required to pay a 20 percent lax on its profit. Find the new profit - maximizing levels of L, q, and profit.
A、Mutton Chops
B、Side burns
C、Goatee
D、Mustache
B.in a monopolistic situation.
C.in a perfectly competitive market.
D.sales rise with the increase in price level.
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