ECON 528 Exam – Questions With Appropriate
Solutions
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firm value
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1 Value= 2 Minimizing Total Cost also maximizes
(2 answers)
Minimizing average cost also
3 4
maximizes
marginal profit =
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, Terms in this set (110)
Value= =sum(t=1...n)((TRt)-TCt) / (1+i)t
where
t = time period / # of years
i = discount rate = current interest rate
firm value is maximized when: total revenue is maximized
total cost for a given output is minimized
total cost = average cost x quantity produced
AC x Q
Minimizing average cost also total cost for a given output
minimizes
Minimizing average cost also firm value
maximizes
Minimizing Total Cost also maximizes firm value
total revenue is a function of output quantity
Total Revenue = Price x Quantity
PxQ
Solutions
Add to calendar
Play your way to mastery with fun games
Match Blocks Charms NEW
Practice questions for this set
Learn 1 /7 Study with Learn
firm value
Choose an answer
1 Value= 2 Minimizing Total Cost also maximizes
(2 answers)
Minimizing average cost also
3 4
maximizes
marginal profit =
Don't know?
, Terms in this set (110)
Value= =sum(t=1...n)((TRt)-TCt) / (1+i)t
where
t = time period / # of years
i = discount rate = current interest rate
firm value is maximized when: total revenue is maximized
total cost for a given output is minimized
total cost = average cost x quantity produced
AC x Q
Minimizing average cost also total cost for a given output
minimizes
Minimizing average cost also firm value
maximizes
Minimizing Total Cost also maximizes firm value
total revenue is a function of output quantity
Total Revenue = Price x Quantity
PxQ
