Ask Question
BusinessBusiness
19 December, 01:51

What price will farmer brown charge when maximizing profit?

+4
Answers (1)
  1. 19 December, 04:12
    0
    Farmer Brown will have to charge enough to make sure he is receiving the most money for his product. He needs to make sure what he charges is more than what it costs to make his item and then profit what he would like. Maximizing profit refers to producing the quantity of output where marginal revenue is equal to marginal cost.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “What price will farmer brown charge when maximizing profit? ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
About what percent of the labor force holds a college degree
Answers (1)
The balance sheet category "Intangible Assets" includes: a. equipment, land, and buildings. b. patents, trademarks, and franchises. c. investments, receivables, and cash. d. goodwill, inventory, and vehicles.
Answers (1)
Which of the following types of research refers to research conducted for a single firm to provide specific information its managers need? A. Syndicated research B. Exploratory research C. Custom research D. Descriptive research E. Casual research
Answers (1)
27) Which one of the following will yield a measured price elasticity of demand of 5.0? A 10 percent rise in price results in a A) 10 percent decrease in quantity demanded. B) 5 percent decrease in quantity demanded.
Answers (2)
What have sociologists begun to realize about the nomadic lifestyle? a. nomads have a hard time bridging the gap between their traditional lifestyle and doing what is best for the land. b.
Answers (1)
New Questions in Business
El Capitan Foods has a capital structure of 37% debt and 63% equity, its tax rate is 35%, and its beta (leveraged) is 1.45. Based on the Hamada equation, what would the firm's beta be if it used no debt, i. e., what is its unlevered beta, bU?1.050.
Answers (1)
The total product curve: a. will become flatter as output increases if there are diminishing returns to the variable input. b. will be downward-sloping if there are diminishing returns to the variable input. c.
Answers (1)
Using monetary theory, one can show that the price level (index) in an economy is equal to: (a) the inflation rate minus the interest rate. (b) the average change in the level of trade over the past 5 quarters. (c) the velocity of money.
Answers (1)
According to circus founder P. T. Barnum, what happens without publicity? Question 3 options: Business failure Decline in customers Increased productivity Nothing
Answers (2)
Which of any essential product that will be affected by an increase in fuel which is very important even to the poorest of the poor
Answers (1)
Home » Business » What price will farmer brown charge when maximizing profit?
Sign Up Forgot Password?