Homework Answers
Add Answer to:
2. A firm sells its product in a perfectly competitive market where other firms charge a...
2. A firm sells its product in a perfectly competitive market where other firms charge a...
2. A firm sells its product in a perfectly competitive market where other firms charge a price of $80 per unit. The firm's total costs are C(O) 40 80202 a. How much output should the firm produce in the short run? b. What price should the firm charge in the short run? c. What are the firm's short-run profits? d. What adjustments should be anticipated in the long run?
3.) A firm sells its product in a perfectly competitive market where other firms charge a...
3.) A firm sells its product in a perfectly competitive market where other firms charge a price of $40 per unit. The firm's total costs are C(Q) 20+40+202. A. B. C. D. How much output should the firm produce in the short-run? What price should the firm charge in the short-run? what are the firm's short-run profits? What adjustments should be anticipated in the long-run?
A firm sells its product in a perfectly competitive market where other firms charge a price...
A firm sells its product in a perfectly competitive market where other firms charge a price of $90 per unit. The firm's total costs are CIQ) = 60 + 14Q+ 20 a. How much output should the firm produce in the short run? C units b. What price should the firm charge in the short run? $O c. What are the firm's short-run profits? $D d. What adjustments should be anticipated in the long run? Entry will occur until economic...
42 MC ATC 32 AVC 24 18 14 I0 AFC Quantity 0 0.5 1 1.5 2...
42 MC ATC 32 AVC 24 18 14 I0 AFC Quantity 0 0.5 1 1.5 2 2.5 3 3.5 4 4.5 5 5.5 6 6.5 7 7.5 8 8.5 9 9.5 10 1. The accompanying graph (top of next page) summarizes the demand and costs for a firm that operates in a perfectly competitive market. a. What level of output should this firm produce in the short run? b. What price should this firm charge in the short run? c....
For a perfectly competitive market made up of firms represented in the graph below, what is...
For a perfectly competitive market made up of firms represented in the graph below, what is the long run equilibrium price of the good? Cost ($) MC ATC AVC $16 $14 $12 $10 Quantity $14 $10 $12 $16 For a perfectly competitive market made up of firms represented in the graph below, if the price is $14, Cost ($) MC ATC $16 AVC - $14 $12 $10 Quantity The firm is operating at its minimum long run average total cost....
1. The diagram below shows a perfectly competitive firm, just one of the many firms in...
1. The diagram below shows a perfectly competitive firm, just one of the many firms in the industry selling identical products. Don't worry if you think you may not be able to precisely discern certain values precisely in the diagram. Just use your judgment and do the best that you can. $48 46 44 42 TMC 40 38 36 34 4TC 32 30 28 26 24 DfMR AVC 22 20 18 16 14 AFC 12 10 8. 6 2 Quantity...
When a perfectly competitive market is in long-run equilibrium: O firms have an incentive to enter...
When a perfectly competitive market is in long-run equilibrium: O firms have an incentive to enter the market. O firms have an incentive to leave the market. O no firm has an incentive to enter or leave the market. When a firm operating in a perfectly competitive market is experiencing losses, it should continue operations if: O P< AVC O P=AVC O P > AVC If, in a perfectly competitive market, P= (a firm's) ATC, then the firm: earns an...
A firm sells its product in a perfectly competitive market where other firms charge a price...
A firm sells its product in a perfectly competitive market where other firms charge a price of $80 per unit. The firm’s total costs are 20+2Q+Q2. The profit-maximizing output for your firm is: 202Q+Q2
all of them Question 1 (1 point) A firm producing a positive output level, covering variable...
all of them
Question 1 (1 point) A firm producing a positive output level, covering variable costs but making a loss in the short run O may nonetheless be doing the nest it can with respect to its profits O should exit the industry O should definitely shut down O is not maximizing profits O should either expand or contract its plant size Question 2 (1 point) The perfectly competitive firm's profits can be calculated as O (MR-ATC)Q O (P-AVC-AFC)Q....
The loss of a perfectly competitive firm which shuts down in the short run: Multiple Choice...
The loss of a perfectly competitive firm which shuts down in the short run: Multiple Choice O is equal to its total variable costs. O O ь is zero. гето. O is equal to its total fixed costs. cannot be determined. Refer to the diagrams, which show the demand and cost curves for a perfectly competitive firm producing output and the demand and supply curve for the industry in which it operates. Which of the following is correct? ATC AVC...
2. A firm sells its product in a perfectly competitive market where other firms charge a price of $80 per unit. The firm's total costs are C(O) 40 80202 a. How much output should the firm produce in the short run? b. What price should the firm charge in the short run? c. What are the firm's short-run profits? d. What adjustments should be anticipated in the long run?
3.) A firm sells its product in a perfectly competitive market where other firms charge a price of $40 per unit. The firm's total costs are C(Q) 20+40+202. A. B. C. D. How much output should the firm produce in the short-run? What price should the firm charge in the short-run? what are the firm's short-run profits? What adjustments should be anticipated in the long-run?
A firm sells its product in a perfectly competitive market where other firms charge a price of $90 per unit. The firm's total costs are CIQ) = 60 + 14Q+ 20 a. How much output should the firm produce in the short run? C units b. What price should the firm charge in the short run? $O c. What are the firm's short-run profits? $D d. What adjustments should be anticipated in the long run? Entry will occur until economic...
42 MC ATC 32 AVC 24 18 14 I0 AFC Quantity 0 0.5 1 1.5 2 2.5 3 3.5 4 4.5 5 5.5 6 6.5 7 7.5 8 8.5 9 9.5 10 1. The accompanying graph (top of next page) summarizes the demand and costs for a firm that operates in a perfectly competitive market. a. What level of output should this firm produce in the short run? b. What price should this firm charge in the short run? c....
For a perfectly competitive market made up of firms represented in the graph below, what is the long run equilibrium price of the good? Cost ($) MC ATC AVC $16 $14 $12 $10 Quantity $14 $10 $12 $16 For a perfectly competitive market made up of firms represented in the graph below, if the price is $14, Cost ($) MC ATC $16 AVC - $14 $12 $10 Quantity The firm is operating at its minimum long run average total cost....
1. The diagram below shows a perfectly competitive firm, just one of the many firms in the industry selling identical products. Don't worry if you think you may not be able to precisely discern certain values precisely in the diagram. Just use your judgment and do the best that you can. $48 46 44 42 TMC 40 38 36 34 4TC 32 30 28 26 24 DfMR AVC 22 20 18 16 14 AFC 12 10 8. 6 2 Quantity...
When a perfectly competitive market is in long-run equilibrium: O firms have an incentive to enter the market. O firms have an incentive to leave the market. O no firm has an incentive to enter or leave the market. When a firm operating in a perfectly competitive market is experiencing losses, it should continue operations if: O P< AVC O P=AVC O P > AVC If, in a perfectly competitive market, P= (a firm's) ATC, then the firm: earns an...
all of them
Question 1 (1 point) A firm producing a positive output level, covering variable costs but making a loss in the short run O may nonetheless be doing the nest it can with respect to its profits O should exit the industry O should definitely shut down O is not maximizing profits O should either expand or contract its plant size Question 2 (1 point) The perfectly competitive firm's profits can be calculated as O (MR-ATC)Q O (P-AVC-AFC)Q....
The loss of a perfectly competitive firm which shuts down in the short run: Multiple Choice O is equal to its total variable costs. O O ь is zero. гето. O is equal to its total fixed costs. cannot be determined. Refer to the diagrams, which show the demand and cost curves for a perfectly competitive firm producing output and the demand and supply curve for the industry in which it operates. Which of the following is correct? ATC AVC...
Most questions answered within 3 hours.
-
Verify the MIRR is 9.29% given cash flows in years 1 and 2 of
$1,000 each,...
asked 19 minutes ago -
Calculate the pH of a 5.7 M solution of aniline (C6H5NH2; Kb =
3.8 x 10^-10)
asked 2 hours ago -
LSL R3, R3, R12
Memory
Address
Orig.
Data
Updated
Data
Register
Orig.
Data
Updated
Data
0x84F0...
asked 2 hours ago -
Air at 100 kPa and density of 1.2 kg/m3 flows upward through a
5-cm diameter inclined...
asked 2 hours ago -
Define the following concepts in your own words: (a) stiffness,
(b) strength, (c) strain,
(d) ductility,...
asked 3 hours ago -
In C++
In this homework, you will be tasked with creating functions to
manipulate strings that...
asked 3 hours ago -
An isolated colony represents a pure culture. one rare occasions
, however , a colony can...
asked 4 hours ago -
*****DO NOT ANSWER THIS QUESTION IF YOU DON'T
KNOW*******Rights and Duties of Auditors; Minimum 4000
words...
asked 4 hours ago -
The probability that Janie is wearing sunglasses is 1/4. The
probability that she is wearing sunglasses...
asked 5 hours ago -
Do you believe social media is more of a help or a hindrance in
controlling crises...
asked 5 hours ago -
Two long, parallel wires separated by 2.85 cm carry currents in
opposite directions. The current in...
asked 5 hours ago -
Question # 1. Develop a list of rehabilitation journals
that publish articles concerning career counseling for...
asked 5 hours ago