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Author Question: It is virtually impossible to identify a long-run profit-maximising price and output. Which of the ... (Read 19 times)

washai

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on: May 25, 2020

Question 1

What variables are likely to influence managerial utility?

Question 2

It is virtually impossible to identify a long-run profit-maximising price and output. Which of the following are reasons for this? (Yes/No)

a) Cost and revenue curves are likely to shift unpredictably as a result of the policy pursued. (Yes/No)
b) Cost and revenue curves are likely to shift as a result of unpredictable external factors. (Yes/No)
c) The firm is likely to experience economies of scale. (Yes/No)
d) Some policies may affect both demand and costs. (Yes/No)
e) Different managers are likely to make different judgments about the best way of achieving long-run maximum profits. (Yes/No)
Essential Economics for Business ¦ Sloman, Jones ¦ 5th Edition
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Marked as best answer by washai on May 25, 2020

1_Step_At_ATime

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Reply #1 on: May 25, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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washai

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Reply 2 on: May 25, 2020
Great answer, keep it coming :)

T4T

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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