Homework Answers
Answer
Option D
Profit=TR-TC
the profit is maximum when the TR and TC distance is highest and
TR>TC
so it is maximum at Q2 units
===
the breakeven is at Q0 and Q4 where TR=TC
=====
the firm makes a loss at Q<Q0 and Q>Q4
as the TC>TR
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Figure 12-2 Costs and Total cost/ revenue Total revenue 1,000 QQ Quantity Refer to Figure 12-2....
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These 3 questions please！
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Figure 12-2 Costs Total cost and revenue Total revenue e C b 1,000 Quantity Refer to Figure 12-2. Suppose the firm is currently producing Q2goods. What happens if it increases production to Q3? A) It makes less profit. B) It breaks even. C) It has a lower loss. D) It will maximize the profit.
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Table: Demand and Total Cost Table: Demand and Total Cost Quantity Price per (megawatts) Megawatt Total Cost $550 $1.000 500 1.075 450 1.200 1.375 350 1.600 300 1.875 250 2200 2.575 400 200 Use Table: Demand and Total Cost. Lenoia runs a natural monopoly firm producing electricity for a small mountain village. The table shows Lenoia's demand and total cost of producing electricity. The profit-maximizing quantity of electricity for her to produce is megawatts. O2 os Figure: The Monopolist Price,...
uestion 36 (1 point) The accompanying table represents the quantity produced, the total revenue, and the total cost of a firm operating in a perfectly competitive market. Refer to this table to answer the following questions. Quantity Total Revenue Total Cost $0 $5 $10 $15 $20 $3 $5 $9 $13 Profits are maximized when producing units). o (zero) 2 3 4
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These 3 questions please！
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