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Assignment 1: Maximizing Profits and Minimizing Losses<\/span><\/p>\n

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.<\/p>\n

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\u2019s profits. Include in your response:<\/p>\n

A discussion of exactly what costs are associated with profit maximization.<\/li>\n
A discussion of the concept of \u201copportunity cost.\u201d<\/li>\n
A discussion of the alternative production opportunities.<\/li>\n
A discussion of the various constraints which firms face in maximizing their economic profit.<\/li>\n<\/ul>\n
In responding to this assignment, quotations, paraphrases, and ideas you get from books or other sources of information should be cited using APA style<\/em>. Help with citing sources can be found through the Academic Resources<\/strong> page under Course Home<\/strong>.<\/span><\/p>\n
By Saturday, May 3, 2014<\/strong>, post your initial response in the Discussion Area<\/strong> below. By Wednesday, May 7, 2014<\/strong>, read all of the other students\u2019 submissions, and post substantive comments to at least two classmates<\/span>.<\/p>\n<\/div>\n \n
\"Looking for a Similar Assignment? Order now and Get 10% Discount! Use Code \"Newclient\"<\/h5>\n $\"\"$ <\/a>\n\n","protected":false},"excerpt":{"rendered":"
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