Does a firms producer surplus differ from its profit if it has no fixed cost?
Question:
Does a firm’s producer surplus differ from its profit if it has no fixed cost?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 77% (18 reviews)
Profit is the difference between a firms revenue and it...View the full answer
Answered By
FREDRICK MUSYOKI
Professional Qualities:
Solution-oriented.
Self-motivated.
Excellent problem-solving and critical thinking skills.
Good organization, time management and prioritization.
Efficient troubleshooting abilities.
Tutoring Qualities:
I appreciate students as individuals.
I am used to tailoring resources for individual needs.
I can integrate IT into student's lessons.
I am good at explaining concepts.
I am able to help students progress.
I have a wide curriculum knowledge.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
For a firm, how does the concept of producer surplus differ from that of profit if it has no fixed costs?
-
For a firm, how does the concept of producer surplus differ from that of profit?
-
A monopoly faces the demand function Q = 30 p. Its inverse demand function is therefore p = 30 Q, so its marginal revenue function is MR = 30 2Q. The firms cost function is C = 6Q + Q 2 , so its...
-
Please answer the following. Show your calculations for potential partial credit. Assume the expected return on the market is 14 percent and the risk-free rate is 4 percent. A.)What is the expected...
-
Rank the following in order of increasing angular speed: an automobile tire rotating at 2.00 103 deg/s, an electric drill rotating at 400.0 rev/min, and an airplane propeller rotating at 40.0 rad/s.
-
An article in the New York Times observes that the high value of the yen is dealing crippling blows to [Japans] once all-important export machine. The article also observes, though, that a high yen...
-
The Drosselmeier Corporation, which makes Christmas nutcrackers, has an annual plant capacity of 2,400 product units. Its predicted operating results (in Euros [EUR]) for the year are Production and...
-
On December 31, 2015, Ling Co. estimated that 2% of its net sales of $450,000 will become uncollectible. The company recorded this amount as an addition to Allowance for Doubtful Accounts. On May 11,...
-
Fill in the t-table below for the equation. Then graph the line on the grid by selecting two of the points from your table. y= -2x+6 X y -1 0 1 10+ 9 8 4 3. 10-9-7-6- H 8 9 10 -3
-
McMullen and Mulligan, CPAs, were conducting the audit of Cusick Machine Tool Company for the year ended December 31. Jim Sigmund, senior- in- charge of the audit, plans to use MUS to audit Cusicks...
-
A shock causes the demand curve to shift to the right. What properties of the market are likely to lead to a large increase in the equilibrium price?
-
A city may limit the number of liquor licenses for restaurants in many ways. It could issue a license that the owner keeps forever and that can be resold. Or, it could charge a high license fee each...
-
Residential natural gas and electricity. Download the Maddala et al. (1997) data set on residential natural gas and electricity consumption for 49 states over 21 years (1970-90) from the Journal of...
-
Find the inverse function of f(x) = 10+. (x) =
-
prove that f^-1 (f(x)) = x for the following functions: a. f(x) + 2logx b. f(x) = x^2-4x+4
-
Assume you have been given $400,000 CAD with access to all listed stocks, bonds, futures, and options worldwide. You can trade in options and futures, in combination with the underlying asset....
-
Calculate monthly qualifying income for John Smith based only on the following income documentation: 2016 W2 Total wages$51,708.80 2017 W2 Total wages$47,119.09 Pay Date Hourly rate Hours worked...
-
(4) Consider the set S = {x | (EN) and (1 x 1000)} (i.e. S = {1,2,3,..., 1000}). We are interested in subsets of S each of which has 50 elements. In how many such subsets (4a) (4 pts) 500 is the...
-
Sam Leaf, the president of Ginkgo Manufacturing Limited, was very pleased but puzzled by the 2012 operating results (Exhibit 12A-1). He knew that both manufacturing and marketing had problems during...
-
Derive Eq. (18.33) from Eq. (18.32).
-
What is the homogeneous- good duopolys Nash- Cournot equilibrium if the market demand function is Q = 1,000 1,000p and each firms marginal cost is $ 0.28 per unit?
-
The state of Connecticut sets a maximum fee that bail-bond businesses can charge for posting a given-size bond (Ayres and Waldfogel, 1994). The bail-bond fee is set at virtually the maximum amount...
-
The state of Connecticut sets a maximum fee that bail-bond businesses can charge for posting a given-size bond (Ayres and Waldfogel, 1994). The bail-bond fee is set at virtually the maximum amount...
-
Insert Design Layout References Mailings A- A- B abe X, X2 Account Titles Cash Accounts receivable Supplies Equipment Vehicles Accumulated depreciation Accounts payable Accrued wages payable Note...
-
Page 65 Q23 The following data show the year to date percent change (YTD % Change) for 30 stock market indexes from around the world.(MarketIndexes) a. What index has the largest positive YTD %...
-
En esta actividad, los estudiantes investigarn y analizarn el delito de feminicidio en el Cdigo Penal Peruano y revisarn casos de jurisprudencia relacionados. Para ello desarrollaran un informe cuya...
Study smarter with the SolutionInn App