If a firm faces the following costs and benefits, how many plants should it build? Use marginal
Question:
If a firm faces the following costs and benefits, how many plants should it build? Use marginal analysis.
Transcribed Image Text:
Plants 1 2 3 Total Revenues $10,000,000 18,000,000 24,000,000 Total Costs $5,000,000 12,000,000 20,000,000
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 0% (2 reviews)
The firm should build two plants ...View the full answer
Answered By
Pushpinder Singh
Currently, I am PhD scholar with Indian Statistical problem, working in applied statistics and real life data problems. I have done several projects in Statistics especially Time Series data analysis, Regression Techniques.
I am Master in Statistics from Indian Institute of Technology, Kanpur.
I have been teaching students for various University entrance exams and passing grades in Graduation and Post-Graduation.I have expertise in solving problems in Statistics for more than 2 years now.I am a subject expert in Statistics with Assignmentpedia.com.
4.40+
3+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
-
A firm faces the following total product curves depending on how much capital it employs: a. Suppose that the firm currently employs 1 unit of capital and 3 of labor. Compute MRTSLK. Compute MPL....
-
Midwest Block and Birck in Jefferson City, Missouri make concrete blocks for the outer facade of a new school or condo building. Concrete is a particularly interesting market because markets are very...
-
The Electronic Industries Association reports that about 50% of U.S. households have a camcorder. For a randomly selected sample of 800 U.S. households, use the normal approximation to the binomial...
-
Describe the characteristics of an effective outdoor advertisement.
-
(a) True or false: If 1 , v 1 and 2 , v 2 solve the eigenvalue equation (8.12) for a given matrix A, so does 1 + 2 , v 1 + v 2 . (b) Explain what this has to do with linearity. Av = Xv. (8.12)
-
Use the all-possible-regressions selection on the wine quality of young red wines data in Table B.19. Perform a thorough analysis of the best candidate models. Compare your results with stepwise...
-
Refer to the consolidated statements of income on page 687 of the Intel Corporation annual report in the appendix. Required: a. Calculate the gross profit ratio for each of the past three years. b....
-
Image transcription text (HW 7.2, 8.1-8.2 Statics: Couples C @ https://lwtech.instructure.com/courses/2400281/assignments/31088346?module_item_id=77706359 A SE Dell LW Tech Bills W Wikipedia...
-
Currently, our military is voluntary; the armed forces sets its wages and benefits so it can attract an adequate and presumably skilled body of soldiers. In the past, our nation has used the draft,...
-
What is wrong (from an economic point of view) with the following argument? Marketing is vitally important. After all, without marketing, we wouldnt sell anything and our firm would be bankrupt....
-
About 30% of all burglaries are through an open or unlocked door or window. A random sample of 130 burglaries indicated that 85 were not via an open or unlocked door or window. At the 0.05 level of...
-
You are in charge of planning a new investment for your firm that will cost $850,000 today. The investment is expected to produce a cash flow of $450,000 in year one. Each of the following years the...
-
1. Some people think that profit maximization should be the goal of finance, where some other students seems Wealth maximization must be the goal of finance. What is your opinion on that? List out 5...
-
How do you '' sell yourself ''? I mean.... You personally. What do you do that makes you a defining difference maker in the art of sales? Your explanation can be the way you dress, talk, prepare, etc
-
Explain the different alternatives for short term financing and the criteria applied in the selection process?
-
The foundation for a cylindrical water tank is a cylinder 27 ft in diameter and 3 ft high. How many cubic ft of concrete are needed to build the foundation?
-
On January 3, 2003, Merris Company spent $89,000 to apply for and obtain a patent on a newly developed product. The patent had an estimated useful life of 10 years. At the beginning of 2007, the...
-
Starr Co. had sales revenue of $540,000 in 2014. Other items recorded during the year were: Cost of goods sold ..................................................... $330,000 Salaries and wages...
-
Suppose that the linear equation for consumption in a hypothetical economy is C = 40 + .8Y. Also suppose that income (Y) is $400. Determine (a) The marginal propensity to consume, (b) The marginal...
-
What is the central economic idea humorously illustrated in Art Buchwalds piece, Squaring the Economic Circle? How does the central idea relate to recessions, on the one hand, and vigorous...
-
Assuming the level of investment is $16 billion and independent of the level of total output, complete the accompanying table and determine the equilibrium levels of output and employment in this...
-
Choose a social media listening tool and begin researching your topic. Briefly describe your initial findings relative to your research question. What are the strengths and limitations of the social...
-
Fairview Corporation, a manufacturer of mobile phones, sold one hundred units of its deluxe phones to one of its best retail customers. Fairview's total selling price of the one hundred phones was...
-
What is the salary allowance, interest allowance, remaining excess and total division of net income? Explain.
Study smarter with the SolutionInn App