We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

2 exam questions - Essay Example

Comments (0)
Summary
A pure monopolist determines that at the current level of output the marginal cost of production is $2. Average costs are $2.75 and average total costs are $2.95. The marginal revenue is $2.75. What would you recommend that the monopolist do to maximize profits?
The…
Download full paper
GRAB THE BEST PAPER
2 essay exam questions
Read TextPreview

Extract of sample
2 exam questions

Download file to see previous pages... When this production run is optimized within the current output level, the total average cost per unit produces will decrease based on the simple fact that fixed cost per unit produced decreases as the number of output increases.
Investopedia (n.d.) explains that “the purpose of analyzing marginal cost is to determine at what point an organization can achieve economies of scale. The calculation is most often used among manufacturers as a means of isolating an optimum production level. The benefit of producing one additional unit and generating revenue from that item will bring the overall cost of producing the product line down. The key to optimizing manufacturing costs is to find that point or level as quickly as possible.”
Various reasons can be considered. For a monopolistic business, keeping the product’s presence in the market is necessary while waiting for the product’s improvements or innovations from the Research and Development department. Once these product improvement or innovation is achieved, the turn of events may become more profitable and may even achieve new heights of business success. Product substitutes may have caused the business to deteriorate. But as long as it is evident that product improvements or innovation will turn the tides of business back to original profitable track, it is worth keeping the business going. Otherwise, when there is no more prospects on the business line, continuing operation will just drain resources.
(John Wiley & Sons, Inc , n.d.) states that “if the firms average variable costs are less than its marginal revenue at the profit maximizing level of output, the firm will not shut down in the short-run. The firm is better off continuing its operations because it can cover its variable costs and use any remaining revenues to pay off some of its fixed costs.”
Demand curve for IPOD may rise with this increase on income level of young professionals. ...Download file to see next pagesRead More
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
Final Exam Essay Questions and Case Study
It is composed of evaluation, decisions, and implementation an organization carries out so as to build and maintain competitive advantages (Hunger & Wheelen, 2000). It is the task of the leader of the organization. According to Hill and Jones (2011), it concentrates on developing a strong foundation for the organization that will afterward be expanded through the concerted endeavors of the members of the organization.
12 Pages(3000 words)Essay
2: Essay Questions
Why or why not? The arche was the primary material element that Thales hypothesized as the source of all beings and cosmic phenomena specifically identifying the arche as water or hydor. This concept
2 Pages(500 words)Essay
Final Exam Essay Questions
The colonialists were awarded the rights to control the appointments of clerics in these newly discovered regions. In fact, direct contact between the clerics and Vatican was prohibited, thereby giving states express authority over the church. This kind of control did not go
5 Pages(1250 words)Essay
Final Exam Essay Questions
According to Seelan, “recycling is a significant way to make positive changes in environmental issues as it saves the wastage of natural resources in a big way” (1). In industries, recycling is one of the main phases related to the
2 Pages(500 words)Essay
Bio Exam
Copy and paste your quiz answers into the text box and click on "Submit For Grading." (Let an attachment be your last resort). Using the Rich Text Editor (RTE) will help preserve the
5 Pages(1250 words)Essay
Final Exam questions
ncidence response questions includes questions to any one that can be involved in response to a risk occurrence, operations type of questions are asked to security personnel while security program type of questions are asked to planners and managers (Landol, 2011). Quantitative
2 Pages(500 words)Assignment
Final Exam Essay Questions
We live in a world full of technology and these help us to communicate as we use emails, facebook, and date online among other activities (Turkle). Due to the development and advancement of the internet, social networks such as facebook, MySpace, twitter, chat, email,
4 Pages(1000 words)Essay
Take-Hone exam essay Questions
ADR is less formal and conducted in private, which offers confidentiality unlike trials. It therefore ensures that both parties are able to resolve their disputes more amicably as the environment under which they
9 Pages(2250 words)Essay
Take Home Exam essay Questions
igismond (2014), the principal has some responsibilities towards the agent and each of them has pre-established responsibilities towards the third parties. Fiduciary functions requires that the agent acts in the best interest of the principal. On the other hand, agents fulfil
4 Pages(1000 words)Essay
FA exam essay questions
The stockholders, board of directors, financial accounting, and investors are the audience to know the performance of the company. The accounting reports must be filled on an
14 Pages(3500 words)Assignment
Let us find you another Essay on topic 2 essay exam questions for FREE!
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us