Ask Question
BusinessBusiness
14 January, 07:48

What price will farmer brown charge when maximizing profit?

+5
Answers (1)
  1. 14 January, 08:03
    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 the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
If a recession caused millions of people to lose their jobs and millions more to fear unemployment, which of the following will happen?
Answers (1)
A construction management company is examining its cash flow requirements for the next 7 years. The company expects to replace software and infield computing equipment at various times over a 7-year planning period.
Answers (1)
Proper planning ensures a healthy balance between economic growth and environmental sustainability of a nation economically and environmentally." Agree or disagree with the statement with relevant exam. ples
Answers (1)
g On July 1 the Swifty Corporation paid $18240 to Acme Realty for 6 months rent beginning July 1. Prepaid Rent was debited for the full amount.
Answers (1)
The cost of production of completed and transferred goods during the period amounted to $540,000, and the finished products shipped to customers had total production costs of $375,000.
Answers (1)
New Questions in Business
In the United States, you can own anything you want and decide what you want to do with it, as long as it does not violate the law. This describes the principle of
Answers (1)
High value-added per employee is associated with: a. capital intensive industries. b. labor intensive industries. c. the shoe industry in 1860. d. the use of unskilled labor.
Answers (1)
How were the earliest benefits of the industrial revolution distributed between Factory owners and workers?
Answers (1)
Ben and Sam Jenkins formed a partnership. Ben contributed $8,000 cash and a used truck that originally cost $35,000 and had accumulated depreciation of $15,000. The truck's fair value was $16,000. Sam, a builder, contributed a new storage garage.
Answers (1)
Select all that apply. A primary incentive for entrepreneurs is 1: Profit 2: A skill and happy workforce 3: Notoriety 4: Seeing an idea come into being 5: Paying taxes
Answers (1)
Home » Business » What price will farmer brown charge when maximizing profit?
Sign Up Forgot Password?