from the above data
What level of output should the manager of Redstone choose to produce? Explain your choice in at least 100 words.
Homework Answers
Manager of Redstone, should consider an output level where marginal revenue should equal marginal cost. In the given scenario, the output level to be produced = 900 units. Because, after this level of output, marginal cost is going to be bigger than the marginal revenue. It means that profit level decreases if more than 900 units are produced. So, on the basis of marginal principle, the profit maximizing output = 900 units
At this level of output,
Total cost = $123000
Total revenue = $270000
So,
Net profit = 270000 - 123000
Net profit = $147000
Here, the profit of $147000 is maximum for all the output level.
Hence, the profit maximizing output = 900 units.
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from the above data
What level of output should the manager of Redstone choose to
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Same price being $85 per unit instead of $300.
5.
Make another copy of your spreadsheet and suppose that fire pits
fall out of fashion causing prices fall worldwide to $85. How many
units should the manager choose to produce? Explain.
Should the firm shut down in the short-run? Explain in detail
why or why not.
Should the firm shut down in the long run? Explain in detail why
or why not.
TC:Total Q: Units Produced | Cost TFC: Total...
fix my code please. program should output the original array and
sorted array then time taken for sorting. there's no error in my
code but it keeps presenting 0.0 or some weird values as output.
just edit my code please. c++
#include <iostream>
#include <string>
//string
#include <fstream> //file
buffer
#include <iomanip>
//setprecision
using namespace std;
class BubbleSort
{
private:
float array[1000];
public:
void read()
{
string str;
string s;...
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