ECO 202

Assignment 1: Maximizing Profits and Minimizing Losses

Consider a supplier of agricultural equipment who is deciding how much of two products should be produced by his firm. You determine what the two products are.

Now create a report that includes a discussion and analysis regarding how such a supplier makes such a determination in order to maximize the firm’s profits. Include in your response:

  • A discussion of exactly what costs are associated with profit maximization.
  • A discussion of the concept of “opportunity cost.”
  • A discussion of the alternative production opportunities.
  • A discussion of the various constraints which firms face in maximizing their economic profit.

In responding to this assignment, quotations, paraphrases, and ideas you get from books or other sources of information should be cited using APA style. Help with citing sources can be found through the Academic Resources page under Course Home.

By Saturday, May 3, 2014post your initial response in the Discussion Area below. By Wednesday, May 7, 2014, read all of the other students’ submissions, and post substantive comments to at least two classmates.

In case you have a similar question and need it answered for you just say write my essay. At Academized we have all the most qualified academic writers and tutors, for all your assignments, essays, cases studies, discussion posts, project proposals, research papers, discussion posts, nursing assignments, admission essays, blog articles, and other forms of academic work.

If you don’t want a custom paper, just buy a pre-written essay from Buy College Essay.