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Where is profit maximized on a graph?
Profit is maximized on a graph where the marginal cost curve intersects the marginal revenue curve.
How do you achieve the profit maximizing price?
Let the demand facing a firm for its product be expressed by the following functions Q=25-0.5P Where Q=quantity and P=price, and cost function as C=25-2Q+4Q2 Compute a) Profit maximizing output, b) Justify profit maximizing output
What type of graph is excellent for showing business cycles?
Line Graph
This graph is excellent for showing business cycles?
Unfortunately the graph does not show.. But, i can tell you that business cycle is divided into: 1) introduction - start of the graph 2) growth - graph goes up 3) maturity - graph is static and slowly pointing doen 4)decline - graph starts to go down.. if your graph is this way, then the answer is yes..
How can one determine economic profit by analyzing a graph?
To determine economic profit by analyzing a graph, one can look at the intersection point of the total revenue and total cost curves. Economic profit is calculated by subtracting total costs from total revenue. If the total revenue is higher than total costs, there is economic profit. If total costs are higher, there is economic loss.
Where is profit maximized on a graph?
Profit is maximized on a graph where the marginal cost curve intersects the marginal revenue curve.
How do you achieve the profit maximizing price?
Let the demand facing a firm for its product be expressed by the following functions Q=25-0.5P Where Q=quantity and P=price, and cost function as C=25-2Q+4Q2 Compute a) Profit maximizing output, b) Justify profit maximizing output
How do you graph cost revenue and profit functions?
There are a couple of graphs you could use. A pie graph or a bar graph.
Advantages of profit maximization?
Profit maximization increase the graph of outputs.
What general information can you derive from the graph?
I am sorry but this question refers to a particular graph and the graph or a reference to it was not included.
What do the x-intercepts and maximum value of the graph represent What are the intervals where the function is increasing and decreasing and what do they represent about the sale and profit?
The x-intercepts of the graph represent the points where the sales or profit are zero, indicating the break-even points. The maximum value of the graph signifies the highest profit achievable. The intervals where the function is increasing indicate periods when sales and profit are rising, suggesting effective sales strategies, while the decreasing intervals show times when sales and profits are declining, potentially signaling issues that need to be addressed. Understanding these intervals helps in analyzing overall business performance and making informed decisions.
What type of graph is excellent for showing business cycles?
Line Graph
Which type of graph is excellent for showing business cycles?
line graph
Which graph title is more effective: 'Revenue Growth Over Time' vs 'Profit Margin Comparison'"?
"Revenue Growth Over Time" is more effective as a graph title compared to "Profit Margin Comparison."
This graph is excellent for showing business cycles?
Unfortunately the graph does not show.. But, i can tell you that business cycle is divided into: 1) introduction - start of the graph 2) growth - graph goes up 3) maturity - graph is static and slowly pointing doen 4)decline - graph starts to go down.. if your graph is this way, then the answer is yes..
Recall that the vertical line test is used to check whether a particular graph represents the graph of a function what are correct statements for this graph?
This graph fails the vertical line test at x = 3This graph is not the graph of a function.
Why are actual markets said to have high transaction costs?
Every firm's aim is to get more profit and revenue form their existing products.Behid that intention companies have to set high targets and convert their economical indicators.Major reasons behind that are;Profit MaximizationThe monopolist's profit maximizing level of output is found by equating its marginal revenue with its marginal cost, which is the same profit maximizing condition that a perfectly competitive firm uses to determine its equilibrium level of output. Indeed, the condition that marginal revenue equal marginal cost is used to determine the profit maximizing level of output of every firm, regardless of the market structure in which the firm is operating.Total Cost-Total Revenue MethodTo obtain the profit maximizing output quantity, we start by recognizing that profit is equal to total revenue minus total cost. Given a table of costs and revenues at each quantity, we can either compute equations or plot the data directly on a graph. Finding the profit-maximizing output is as simple as finding the output at which profit reaches its maximum.Marginal Cost-Marginal Revenue MethodIf total revenue and total cost figures are difficult to procure, this method may also be used. For each unit sold, marginal profit equals marginal revenue minus marginal cost. Then, if marginal revenue is greater than marginal cost, marginal profit is positive, and if marginal revenue is less than marginal cost, marginal profit is negative. When marginal revenue equals marginal cost, marginal profit is zero.And one major reason behind that isAn economic indicator (or business indicator) is a statistic about the economy. Economic indicators allow analysis of economic performance and predictions of future performance.Economic indicators include various indices, earnings reports, and economic summaries, such as unemployment, housing starts , Consumer Price Index (a measure for inflation), industrial production , bankruptcies, Gross Domestic Product, retail sales , stock market prices, and money supply changes.Economic indicators are primarily studied in a branch of macroeconomics called " business cycles". The leading business cycle dating committee in the United States of America is the National Bureau of Economic Research .The Bureau of Labor Statistics is the principal fact-finding agency for the U.S. government in the field of labor economics and statistics.These are the main reasons that actual markets have high their transaction costs.
