Economics Homework Help
Someone explain this to me please.Let’s assume that we have a firm that produces 2 products, Skilly
Skilly Wigglers
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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.
