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Perfect competition and monopoly comparison using specific examples that include ATC, Quantity sold, price, MC, MR, etc.
(b) What is the Average Profit or Loss for the firm?
(c) What is the Total Profit or Loss for the firm?
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Determining profit maximizing output level
(b) What is the Average Profit or Loss for the firm?
(c) What is the Total Profit or Loss for the firm?
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concept of monopoly welfare loss
d) Calculate total revenue, total cot and profit or loss at profit maximization level of activity.
e) Calculate elasticity of demand at profit maximization.
f) Calculate the breakeven level of activity.
g) Calculate profit or loss at breakeven.
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Pure competition: Economic profit, break even, economic loss, profit or loss
How much will the profit or loss be?
b) If the product price is $100, at its optimal output, will the firm realize an economic profit, break even, or incur an economic loss? How much will the profit or loss be? Show all calculations.
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Calculating profit/loss in the given cases
If the product price is $55, at its optimal output, will the firm realize an economic profit, break even, or incur an economic loss? How much will the profit or loss be? Show all calculations.
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To calculate profit and loss
How much will the profit or loss be? Show all calculations.
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Firm's Annual Profit or Loss
a)What is the firm's annual profit or loss?
b)At what volume of sales does the firm break even?
c)What will be the profit or loss at 70%, 80%, and 90% of capacity on the basis of constant income per unit and constant variable cost per unit?
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firm's marginal revenue
What can you say about the relationship between marginal revenue and marginal cost for output rates below the profit-maximizing (or loss-minimizing) rate? For output rates above the profit-maximizing (or loss-minimizing) rate?
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This addresses the Torvill Construction Company exercise.
(b) Using the completed-contract method, prepare schedules to compute the profit or loss to be recognized as a result of this contract for the years ended December 31, 2010, 2011, and 2012. (Ignore income taxes.)
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Bond reporting differences in for-profit/not-for-profit org.
The gain or loss from the bond, which is an unrealized gain or loss, is reported as income (loss) on the income statement. However, if the bond is classified as available for sale, it is reported at fair value and not at historical cost.