Essay Available:
You are here: Home → Coursework → Mathematics & Economics
Pages:
1 page/≈275 words
Sources:
1 Source
Level:
APA
Subject:
Mathematics & Economics
Type:
Coursework
Language:
English (U.S.)
Document:
MS Word
Date:
Total cost:
$ 5.83
Topic:
Hotel Industry. Mathematics & Economics Coursework (Coursework Sample)
Instructions:
EVALUATION OF THE VARIABLE AND FIXED COSTS AS WELL AS THE ECONOMICS OF OPERATING a hotel.
source..Content:
Hotel Industry
Institutional Affiliation
Date
Hotel Industry
Relationship Between Production and Costs and the Objective to Maximize Profits in Different Market Types
Every market type has different objectives in its attempt to maximize its profit margins. For a perfect competition market, a firm should maximize when its marginal revenue equals the marginal cost, which is also to the amount demanded, that is, MR=MC=D. At this point, the firm makes the highest amount of profits. In a monopoly market, it produces to a point where marginal revenue equates to marginal cost, which is MR=MC. At this point, it makes supernormal profits.
Get the Whole Paper!
Not exactly what you need?
Do you need a custom essay? Order right now:
Other Topics:
- Discuss the United States fiscal policy; how it is managed, directed, controlled, and formul. . .Description: In the United States, the government’s role in the American economy extends beyond regulation of industries to the management of the overall pace of the nation’s economic activity thus playing a role of maintaining a high level of economic stimuli such as employment and stable prices in the market. ...6 pages/≈1650 words| 3 Sources | APA | Mathematics & Economics | Coursework |
- Quantitative Analysis Mathematics & Economics CourseworkDescription: Quantitative analysis is the he use of especially computerized mathematical analysis to support decision making, make business forecasts or investment recommendations. It is the examination of measurable and verifiable data such as earnings, revenue, wages and market share...1 page/≈550 words| 2 Sources | APA | Mathematics & Economics | Coursework |
- Global Political Economy Mathematics & Economics CourseworkDescription: The 1962 America U-2 crises where the Americans returned with nuclear missiles aimed at the Us from Cuba (Burke, 2004). In 1997, when the Thailand government lost 15% value of its currency in a single day trying to defend attack by traders this resulted in a fall in economic growth (Burke, 2004).In 199...2 pages/≈550 words| 2 Sources | APA | Mathematics & Economics | Coursework |
