Homework Answers
- In long run equilibrium, ATC equals MR but here ATC is greater than MC. Firm faces loss when ATC is greater than MR. reduce ATC, technology advancement will help as more of the goods can be produced with lesser inputs. This option C is correct.
- When the firm is facing loss due to ATC > MR, producers will try yo reduce production which will reduce the overall supply. When supply falls, price rises. Thus option C is correct.
MC ATC MC ATC -D MR MR 0 0 (b) MC ATC D MR (c) 65....
MC ATC MC ATC -D MR MR 0 0 (b) MC ATC D MR (c) 65. Refer to the above diagrams, which pertain to monopolistically competitive firms. Short-run equilibrium entailing economic loss is shown by: A) diagram a only. B) diagram b only. C) diagram conly. D) both diagrams a and c. 66. Refer to the above diagrams, which pertain to monopolistically competitive firms. A short-run equilibrium entailing economic profits is shown by: A) diagram a only. B) diagram b...
Question: These diagrams, pertain to a perfectly competitive firm producing output q and the industry in...
Question: These diagrams, pertain to a perfectly competitive firm producing output q and the industry in which it operates. What should we expect in the long run on the number of firms, market supply and equilibrium price? MC ATC AVC MR P
Question 19 5 pts Р MC ATC P D = MR 0 Refer to the accompanying...
Question 19 5 pts Р MC ATC P D = MR 0 Refer to the accompanying graphs for a competitive market in the short run. Which of the following statements is true? o The representative firm will increase production. o The representative firm is experiencing economic losses. o The representative firm is breaking even. o The representative firm is making economic profits. Question 22 6 pts Total Product 2 الحية 4 Average Fixed Cost $150.00 75.00 50.00 37.50 30.00 25.00...
Help with #18 please MC (Аус -MRP 18. Refer to the above diagrams which pertain to...
Help with #18 please
MC (Аус -MRP 18. Refer to the above diagrams which pertain to a purely competitive firm producing output, and the industry in which it operates. In the long run we should expect: A. Firms to enter the industry, market supply to rise, and product price to fall. B. Firms to leave the industry, market supply to rise, and product price to fall. C. Firms to leave the industry, market supply to fall, and product price to...
number 16 and 17 MC ATC -MR Cost B A Output Refer to the accompanying graph...
number 16 and 17
MC ATC -MR Cost B A Output Refer to the accompanying graph for a purely competitive firm. When the firm is in equilibrium in the short run, the amount of economic profit per unit is DH DE. EH. DB. Question 17 1.8 pts A purely competitive firm will be willing to produce even at a loss in the short run, as long as the loss is smaller than its marginal costs. price exceeds marginal costs. the...
The long-run equilibrium condition for perfect competition is: a. Q = ATC = MR = MC....
The long-run equilibrium condition for perfect competition is: a. Q = ATC = MR = MC. b. Q = AVC = MR = MC. c. P = ATC = MR = MC. d. P = AVC = MR = MC. Why do negative externalities like pollution result in inefficiency? a. Because producers will receive an unequal distribution of profits. b. Because producers artificially restrict their supply. c. Because producers manufacture more goods than people can afford to buy. d. Because...
62 ATC 57 51 33 30 27 AVC 23 20 16 MC 12 Q 0 10...
62 ATC 57 51 33 30 27 AVC 23 20 16 MC 12 Q 0 10 12 60 70 P=$16 results in The smallest costs can be in the short-run are: 0 O MC ОТС O VC FC 62 ATC 57 51 33 30 27 AVC 23 20 16 МС, 12 0 10 12 60 70 P=$12 results in Q' of ATC 62 57 51 33 30 27 AVC 23 20 16 MC 12 0 10 12 60 70 P=$12...
Question 32 Refer to the following figure: MC ATC AVC Price 0, 0, 0, 0 0...
Question 32 Refer to the following figure: MC ATC AVC Price 0, 0, 0, 0 0 Quantity The short-run break-even price for the perfectly competitive firm will be
QUESTION 6 Price, ATC, AVC and MC (per unit) M P4 P P2 P 91 92...
QUESTION 6 Price, ATC, AVC and MC (per unit) M P4 P P2 P 91 92 93 94 Os Quantity (per period) Based on the graph above, what is the curve for the perfectly competitive market? O MC O AVC MR 0 0 O ATC
In the long run, a monopolist will operate where OA. ATC - price as long as...
In the long run, a monopolist will operate where OA. ATC - price as long as price > AVC O B. MC - AFC as long as price > AVC O C. MR = AC as long as MR > price OD. MC = AR as long as price > ATC O E. MR = MC as long as price 2 ATC Consider the gure at Which of the following is Single-Price Competitive Camelized Monopoly Industry Industry 23 Our Single...
MC ATC MC ATC -D MR MR 0 0 (b) MC ATC D MR (c) 65. Refer to the above diagrams, which pertain to monopolistically competitive firms. Short-run equilibrium entailing economic loss is shown by: A) diagram a only. B) diagram b only. C) diagram conly. D) both diagrams a and c. 66. Refer to the above diagrams, which pertain to monopolistically competitive firms. A short-run equilibrium entailing economic profits is shown by: A) diagram a only. B) diagram b...
Question: These diagrams, pertain to a perfectly competitive firm producing output q and the industry in which it operates. What should we expect in the long run on the number of firms, market supply and equilibrium price? MC ATC AVC MR P
Question 19 5 pts Р MC ATC P D = MR 0 Refer to the accompanying graphs for a competitive market in the short run. Which of the following statements is true? o The representative firm will increase production. o The representative firm is experiencing economic losses. o The representative firm is breaking even. o The representative firm is making economic profits. Question 22 6 pts Total Product 2 الحية 4 Average Fixed Cost $150.00 75.00 50.00 37.50 30.00 25.00...
Help with #18 please
MC (Аус -MRP 18. Refer to the above diagrams which pertain to a purely competitive firm producing output, and the industry in which it operates. In the long run we should expect: A. Firms to enter the industry, market supply to rise, and product price to fall. B. Firms to leave the industry, market supply to rise, and product price to fall. C. Firms to leave the industry, market supply to fall, and product price to...
number 16 and 17
MC ATC -MR Cost B A Output Refer to the accompanying graph for a purely competitive firm. When the firm is in equilibrium in the short run, the amount of economic profit per unit is DH DE. EH. DB. Question 17 1.8 pts A purely competitive firm will be willing to produce even at a loss in the short run, as long as the loss is smaller than its marginal costs. price exceeds marginal costs. the...
The long-run equilibrium condition for perfect competition is: a. Q = ATC = MR = MC. b. Q = AVC = MR = MC. c. P = ATC = MR = MC. d. P = AVC = MR = MC. Why do negative externalities like pollution result in inefficiency? a. Because producers will receive an unequal distribution of profits. b. Because producers artificially restrict their supply. c. Because producers manufacture more goods than people can afford to buy. d. Because...
62 ATC 57 51 33 30 27 AVC 23 20 16 MC 12 Q 0 10 12 60 70 P=$16 results in The smallest costs can be in the short-run are: 0 O MC ОТС O VC FC 62 ATC 57 51 33 30 27 AVC 23 20 16 МС, 12 0 10 12 60 70 P=$12 results in Q' of ATC 62 57 51 33 30 27 AVC 23 20 16 MC 12 0 10 12 60 70 P=$12...
Question 32 Refer to the following figure: MC ATC AVC Price 0, 0, 0, 0 0 Quantity The short-run break-even price for the perfectly competitive firm will be
QUESTION 6 Price, ATC, AVC and MC (per unit) M P4 P P2 P 91 92 93 94 Os Quantity (per period) Based on the graph above, what is the curve for the perfectly competitive market? O MC O AVC MR 0 0 O ATC
In the long run, a monopolist will operate where OA. ATC - price as long as price > AVC O B. MC - AFC as long as price > AVC O C. MR = AC as long as MR > price OD. MC = AR as long as price > ATC O E. MR = MC as long as price 2 ATC Consider the gure at Which of the following is Single-Price Competitive Camelized Monopoly Industry Industry 23 Our Single...
Most questions answered within 3 hours.
-
The blues made its way into many kinds of music. Eric Clapton,
The Beatles, and Elvis...
asked 51 minutes ago -
If you’re standing at the bottom of a hill and asked to evaluate
it while being...
asked 1 hour ago -
1. Which region has taken the lead in the world of
e-waste handling?
a) European Union...
asked 1 hour ago -
A 8.15- g bullet from a 9-mm pistol has a velocity of 366.0 m/s.
It strikes...
asked 3 hours ago -
The outstanding bonds of Alpha Extracts have a yield to maturity
of 7.4 percent and a...
asked 3 hours ago -
The Problem: The Case of the Harmonizing Vacations
Your CEO is exploring partnering with a European...
asked 4 hours ago -
A chemical equation is balanced by adding coefficients in front
of some formulas so that the...
asked 4 hours ago -
From the literature (reference your sources): What are the
lattice parameters of calcite and aragonite? Why...
asked 5 hours ago -
Your system is rejecting the question am asking which is
preceded by a case study. It...
asked 5 hours ago -
3. On January 2, 2000, Larry creates a trust with himself as
trustee. Larry as trustee...
asked 5 hours ago -
A member of the volleyball team spikes the ball. During this
process, she changes the velocity...
asked 5 hours ago -
Are adult gamers less likely to use a gaming console (Xbox,
PlayStation, Wii, etc...) than teen...
asked 6 hours ago