Assume the following unit cost data are for a (perfectly) competitive producer.
(b) At a product price of RM32, will this firm produce in the short run? Why, or why not? If it does produce, what will be the profit-maximising or loss-minimising output? What total economic profit or loss will the firm realise to produce at such level of output?
1
Expert's answer
2014-04-22T15:42:15-0400
Unfortunately, the statement of your question is a bit confusing. Data in the statement is missing. Please, give us the details so we could help you.
There is not enough information to calculate profit-maximizing output and total profit
Numbers and figures are an essential part of our world, necessary for almost everything we do every day. As important…
APPROVED BY CLIENTS
"assignmentexpert.com" is professional group of people in Math subjects! They did assignments in very high level of mathematical modelling in the best quality. Thanks a lot
Comments
Leave a comment