Profit Maximizing Employment

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• Finding the Optimal Number of Advertising Hours

  Using the rule for optimal resource employment, determines the profit-maximizing number of flyer distribution hours.

• Lagrangian Multipliers

  Calculate profit-maximizing output, price, and profit levels B. Using the Lagrangian multiplier method, calculate profit maximizing output, price, and profit levels in light of a parts shortage that limits output to 300 this year C.

• Concepts in Managerial Economics

  b) Yes, it is making the profit-maximizing decision. c) No, it is not making the profit maximizing decision. In the short run, it should increase its rate of production until its marginal cost is equal to $60.

• Maximizing output relative to its labor cost

  a.Is the firm maximizing output relative to its labor cost? Show how you know. For profit maximization, the ratio of Marginal Product to wage rate of labor for two countries should be same.

• Profit maximizing level of output

  12032 A.What is the profit maximizing output for this company? b.What is the profit (loss) this firm will make at the profit maximizing level of output? c.How many firms will compete in this market at the profit maximizing price and quantity?

• MSA Computer Corporation manufactures two models of minicomp

  No. of beta-5 produced in 600 hrs = 600/ 25 = 24 beta models. 800 X1 + 1800 X2 = maximizing profit 800(10) +1,800(24) = 51,200 So most profitable combination is: 10 Alpha-4 model computers 24 Beta-5 model computers Result

• Calculating optmal output and other related parameters

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• Calculating profit-maximizing output and price level

  We can say that profit maximizing price is $4 per unit. c)Total Revenue =product of price and output at profit maximizing level. =4*10000=$40000 d)Total Cost=Value of ATC (at Q=10000)*Profit maximizing output level.