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

Final Project - Assignment Example

Comments (0) Cite this document
Summary
the producer behavior and how he attempts to maximize his gain which in this case is profit maximization. Considering the case under study, two groups of the four firms are classified to…
Download full paper
GRAB THE BEST PAPER
Final Project
Read TextPreview

Extract of sample
"Final Project"

Download file to see previous pages Pricing is determined by the extra cost incurred in producing one extra unit of the commodity such that price is equated to marginal cost i.e. Price=MC.Since the main objectives of these firms is to maximize profit the following measures are appropriate for the respective firms.
Firm 1: This firm should retain its price at 4 units and maintain it’s AVC at 3units so that it can maximize profit and minimize loss. This is because as long as P>AVC the firm will recover its cost of operation plus extra revenue which goes to profit.
Firm 2: In this firm the price is 10 which equals MC at 10 and therefore qualify to be in the competitive market but since VC>TR it will make losses as the firm is not even meeting the break-even point. The policy to be adopted by the firm is to reduce the variable cost and squeeze the fixed cost which is not affected by the variations in output.
Firm 3: In this firm the losses arises from employing many variable factor inputs which outweigh the fixed and therefore the best recommendation is a freeze in employing variable factor inputs like reducing the casual labor size.
Firm 4: In this firm the price (25) is greater than AVC i.e. P>AVC and this already ensures that it beat the break-even point. This is responsible for its zero economic profit. For the firm to do better it either maintains its current output or reduce price.
In a monopoly market, the firm tends to be the sole seller and therefore have power to give any price through manipulating of the output (Hall, Robert & Marc, p 64). Under this market structure, for profit maximization the MC=MR. In this respect the firms above needs the following ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Final Project Assignment Example | Topics and Well Written Essays - 250 words”, n.d.)
Final Project Assignment Example | Topics and Well Written Essays - 250 words. Retrieved from https://studentshare.org/macro-microeconomics/1611309-final-project
(Final Project Assignment Example | Topics and Well Written Essays - 250 Words)
Final Project Assignment Example | Topics and Well Written Essays - 250 Words. https://studentshare.org/macro-microeconomics/1611309-final-project.
“Final Project Assignment Example | Topics and Well Written Essays - 250 Words”, n.d. https://studentshare.org/macro-microeconomics/1611309-final-project.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
Final Project- Step Two
For example, an advertisement that contains pictures is more fun and realistic compared to another advert that does not contain any visuals. It is for this reason that visual representations play a major role in education especially in the technical field.
3 Pages(750 words)Assignment
Final Project Milestone
The central theme of the exhibition was Bermuda Inspiration – through the eyes of the artists-a fresh eye-people can see Bermuda. Various sculpture and painting works from various individual artists were presented. There are some artistic pieces that profoundly interested me including K.A.S.E 2012, a painting made of oil on linen, 83 x 56.5., done by Jacqueline Collery.
5 Pages(1250 words)Assignment
Final Project Plan
Organizational Structure 8 Figure 4 : Risk Probability ad Impact Matrix 11 Project Management Plan : Project Siesmic Zone Project Management Plan is the most critical and essential document as it guides the project toward completion (Sanghera 2008). During initial phases of the project, limited information on the project details is available.
4 Pages(1000 words)Assignment
Final Project
The major attributes of the two Irish traders could be considered as their nature and their pleasant accents which were a bit rare in the US markets. They did not undertake any promotional activities to sell their products as they only used the
10 Pages(2500 words)Assignment
Final Project
improvement should be addressed and within this paper, the illustration of performance appraisal, total quality management and continuous improvement strategies will be evaluated. Organizational assessment is the key to effective documentation and measurement of quality and
10 Pages(2500 words)Assignment
FINAL PROJECT
We live in a society that is extremely fast paced, stressful, and more and more technologically dependent. We are more often identified as a number than as an individual person. We are the definitions of our
1 Pages(250 words)Assignment
Final project
orted by THDC’s business development incentives in the form of project grants, low interest loans, job-training grants state income tax credits, and real or personal property tax (Terre Haute Economic Development Corporation, 2013). Secondly, from a social responsibility
4 Pages(1000 words)Assignment
Economics Final Project
From a larger perspective, health insurance has been noted to be a modality for ensuring the delivery of quality service by service providers, as the premiums paid ensures that there will be a pre-determined investment for facilitating the running of healthcare (Henderson,
2 Pages(500 words)Assignment
Final Project
It further seeks to explore on prospective contribution of gender mainstreaming along the contexts of art and other models of expression in the society. My object of creation focused on a
4 Pages(1000 words)Assignment
Final project
The machineries used are advanced and modern. To complete this assignment the company has to appoint the project coordinator who will design the project implementation breakdown. This will provide a basis for the
7 Pages(1750 words)Assignment
Let us find you another Assignment on topic Final Project 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