answersLogoWhite

0


Best Answer

By increasing revenues or the cost of the assets.

User Avatar

Wiki User

13y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: In a firm where assets are the major cost how is profit maximized?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What happens when marginal revenue equals marginal cost?

profit is maximized


What is arsene wengers hobby?

To minimize cost in order to maximized profit.


When profit is maximized in a perfectly competitive firm?

At the output level at which the slopes of the total revenue and total cost curves are equal, provided the firm is covering its variable cost


What are proceeds from disposal of assets?

Proceeds from disposal of assets is equal to = Total cost of disposed assets- Accumulated depreciation related to assets disposed+ Profit on sale of fixed assets


What happens when the slope of the total revenue curve is equal to the slope of the total cost curve?

a. monopoly profit is maximized. b. marginal revenue equals marginal cost. c. the marginal cost curve intersects the total average cost curve. d. the total cost curve is at its minimum. e. Both A and B


Why should accumulated depreciation be treated as expense?

It is treated as expense because it uses to allocate the related assets cost portion to profit and loss account due to usage of fixed assets for revenue generation in fiscal year.


How do you get a retail price if you have the gross profit percent and cost?

Add the profit margin (cost*profit%) to the cost. Add the profit margin (cost*profit%) to the cost. Add the profit margin (cost*profit%) to the cost. Add the profit margin (cost*profit%) to the cost.


Sell price is 2602.58 cost price is 2090.42 what is the profit?

The basic formulas for profit are represented as follows: Profit = Price - Cost % Profit = Profit / Cost So, if an item sold for 2,602.58 and cost 2,090.42, the profit (absolute) is : Profit = 2,602.58 - 2,090.42 = 512.16 The % profit (relative to the cost) is: % Profit = 512.16 / 2,090.42 = 24.5%


True or false Will profits be maximized when total revenue equals total cost?

yes


When is economic surplus maximized?

when the marginal benefit of consumption is equal to the marginal cost of production.


True or false Profits will be maximized when total revenue equals total cost?

yes


What is a business firm's marginal cost?

Marginal cost, which is the cost of producing one more unit of output, helps determine the level at which profits will be maximized.