Microeconomics

Someone explain this to me please Let’s assume that we have a firm that produces 2 products Skilly

Question

Skilly Wigglers

Fixed Costs $2 million

Variable Costs $2 million

Revenue $3 million

Juniper Jumpers

Fixed Costs $2 million

Variable Costs $2 million

Revenue $5 million

The accountants have assured us that there are no places to save money. We are at our profit maximizing quantities of each product. We are as efficient as any firm could possibly be, so do not just say lower costs or increase sales. Explain all your answers. If you cannot explain why you are taking an action then you are just guessing.

Microeconomics

Back To Top