Please indicate the correct answer and explain why. Graph with labels as instructed(which one is one 1,2,mr1)
Homework Answers
This is a perfect competition industry so the marginal revenue will be equal to the price. The perfectly competitive firms will produce where the marginal cost equals the marginal revenue of the firm.
The economic loss is indicated by the letters a,b,c and d. The price line will be also equal to the marginal revenue in the perfect competition.
The grain prices fell because the supply of the grain has increased.
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Please indicate the correct answer and explain why. Graph with
labels as instructed(which one is one...
Click on the icon to read the news clip, then complete the following steps. The graph...
Click on the icon to read the news clip, then complete the following steps. The graph shows the market for grain. Draw a point to show the quantity produced when the price is $4 a bushel. Label it 1 Suppose the price falls to $2 a bushel. Draw the new marginal revenue curve. Label it MR Draw a point to show the quantity produced when the price is $2 a bushel. Label it 2 Draw a shape that represents either...
(d tion crackdown. P Problems 10 and 11. Big drops in prices for crops make it...
(d tion crackdown. P Problems 10 and 11. Big drops in prices for crops make it tough down on the farm Corn, soybean, and wheat prices have fallen roughly 50 percent from the historic highs of earlier this year. With better-than-expected crop yields, world grain pro- duction will rise nearly 5 percent this year. Grain prices have also become more closely tied to oil prices because of the growing corn-based ethanol industry. Source: USA Today, October 23, 2008 Why did...
Please indicate the correct answer and explain why. Graph as instructed with labels. Thank you1!! Rice...
Please indicate the correct answer and explain why.
Graph as instructed with labels. Thank you1!!
Rice exporters cye cartel to boost prices Price and cost (dollars per pound of rice) Southeast Asia's rice-exporting nations are in talks to create a formal alliance aimed at boosting prices and increasing export revenues. But the previous attempt to form a cartel failed as countries failed to cooperate Source: The Wall Street Joumal, August 23, 2012 2. MC Explain how an Asian profit-maximizing rice...
Please answer both questions Revenue and cost (dolurs per unit) 50 40 30 20 10 MC...
Please answer both questions
Revenue and cost (dolurs per unit) 50 40 30 20 10 MC ATC 0 20 0 40S0 Output (units per day) The figure above shows a perfectly competitive firm. If the market price is S20 per unit, then the firm producesunits and has an economic profit that is O A. 30; more than $100 B. more than 30; more than $100 O C. 20; less than $400 D. 30; zero because the firm earns a normal...
Please indicate the correct answer and why. Graph as instructed with labels. Thank you The graph...
Please indicate the correct answer and why. Graph as
instructed with labels. Thank you
The graph shows the demand curve, marginal revenue curve, and cost curves of Bob's Best Burgers, a firm in monopolistic competition Draw a point at Bob's profit-maximizing quantity and price. Draw a shape to show the firm's economic profit or economic loss. Label it appropriately. Price and cost (dollars per burger) АТС Bob's ▼| of S 1 a day If economic loss in the dropdown box...
Please graph clearly with labels and follow the instruction. Indicate the correct answer and explain why....
Please graph clearly with labels and follow the instruction.
Indicate the correct answer and explain why. Thank you!
The graph shows the demand curve, marginal revenue curve, and marginal cost curve of Walk Fit, Inc., a producer of hiking boots in monopolistic competition Draw a point at the firm's profit-maximizing price and quantity. Draw a vertical arrow that shows the firm's markup Draw a shape that shows the firm's economic profit Price and cost(dollars per pair) MC ATC Walk Fits...
Indicate the correct answer and why it's right. Label the graph as instructed. Thank you! The...
Indicate the correct answer and why it's right. Label
the graph as instructed. Thank you!
The graph shows the cost curves, demand curve, and marginal revenue curve of a firm in monopolistic competition Draw a point to indicate the firm's profit-maximizing output and price. Draw a shape that shows the firm's economic proft or loss. Label it appropriately. Price and cost (dollars per printer) 100 In the short run, a firm in monopolistic compettion O A. incurs an economic loss...
Graph clearly with labels as instructed please. Indicate the right answer Thank you The graph shows...
Graph clearly with labels as instructed please. Indicate the
right answer Thank you
The graph shows the demand curve, marginal revenue curve, and marginal cost curve of Big Splash, Inc., a producer of wading pools in monopolistic competition. Draw a point at the firm's profit-maximizing price and quantity. Draw a vertical arrow that shows the firm's markup. Draw a shape that shows the firm's economic profit. Price and cost (dollars per pool) MC 2804 260 ATC Big Splash's markup is...
Please indicate the correct answer and explain why. Also, graph as instructed with labels. Thank you...
Please indicate the correct answer and explain why. Also, graph
as instructed with labels. Thank you
Read Eye on the Wireless Oligopoly. Explain the effects of economies of scale and demand on the market for smartphone plans and illustrate it with a graph. Economies of scale and demand in the market for smartphone plans means that Price (dollars per smartphone plan) OA. the two largest firms have much bigger gross profits than the two smaller firms B. eventually all fims...
Please graph and label as instructed(make it clear please) Provide answer and explain. Thank you The...
Please graph and label as instructed(make it clear please)
Provide answer and explain. Thank you
The graph shows the demand curve and marginal revenue curve of Whitewater, Inc., a producer of canoes in monopolistic competition Draw the firm's marginal cost curve if Whitewater produces 125 canoes a week. Label it. Draw a point at the profit-maximizing quantity and price Price and cost (dollars per canoe) 540- 480 420 360 If average total cost at the profit-maximizing quantity is $300 a...
Click on the icon to read the news clip, then complete the following steps. The graph shows the market for grain. Draw a point to show the quantity produced when the price is $4 a bushel. Label it 1 Suppose the price falls to $2 a bushel. Draw the new marginal revenue curve. Label it MR Draw a point to show the quantity produced when the price is $2 a bushel. Label it 2 Draw a shape that represents either...
(d tion crackdown. P Problems 10 and 11. Big drops in prices for crops make it tough down on the farm Corn, soybean, and wheat prices have fallen roughly 50 percent from the historic highs of earlier this year. With better-than-expected crop yields, world grain pro- duction will rise nearly 5 percent this year. Grain prices have also become more closely tied to oil prices because of the growing corn-based ethanol industry. Source: USA Today, October 23, 2008 Why did...
Please indicate the correct answer and explain why.
Graph as instructed with labels. Thank you1!!
Rice exporters cye cartel to boost prices Price and cost (dollars per pound of rice) Southeast Asia's rice-exporting nations are in talks to create a formal alliance aimed at boosting prices and increasing export revenues. But the previous attempt to form a cartel failed as countries failed to cooperate Source: The Wall Street Joumal, August 23, 2012 2. MC Explain how an Asian profit-maximizing rice...
Please answer both questions
Revenue and cost (dolurs per unit) 50 40 30 20 10 MC ATC 0 20 0 40S0 Output (units per day) The figure above shows a perfectly competitive firm. If the market price is S20 per unit, then the firm producesunits and has an economic profit that is O A. 30; more than $100 B. more than 30; more than $100 O C. 20; less than $400 D. 30; zero because the firm earns a normal...
Please indicate the correct answer and why. Graph as
instructed with labels. Thank you
The graph shows the demand curve, marginal revenue curve, and cost curves of Bob's Best Burgers, a firm in monopolistic competition Draw a point at Bob's profit-maximizing quantity and price. Draw a shape to show the firm's economic profit or economic loss. Label it appropriately. Price and cost (dollars per burger) АТС Bob's ▼| of S 1 a day If economic loss in the dropdown box...
Please graph clearly with labels and follow the instruction.
Indicate the correct answer and explain why. Thank you!
The graph shows the demand curve, marginal revenue curve, and marginal cost curve of Walk Fit, Inc., a producer of hiking boots in monopolistic competition Draw a point at the firm's profit-maximizing price and quantity. Draw a vertical arrow that shows the firm's markup Draw a shape that shows the firm's economic profit Price and cost(dollars per pair) MC ATC Walk Fits...
Indicate the correct answer and why it's right. Label
the graph as instructed. Thank you!
The graph shows the cost curves, demand curve, and marginal revenue curve of a firm in monopolistic competition Draw a point to indicate the firm's profit-maximizing output and price. Draw a shape that shows the firm's economic proft or loss. Label it appropriately. Price and cost (dollars per printer) 100 In the short run, a firm in monopolistic compettion O A. incurs an economic loss...
Graph clearly with labels as instructed please. Indicate the
right answer Thank you
The graph shows the demand curve, marginal revenue curve, and marginal cost curve of Big Splash, Inc., a producer of wading pools in monopolistic competition. Draw a point at the firm's profit-maximizing price and quantity. Draw a vertical arrow that shows the firm's markup. Draw a shape that shows the firm's economic profit. Price and cost (dollars per pool) MC 2804 260 ATC Big Splash's markup is...
Please indicate the correct answer and explain why. Also, graph
as instructed with labels. Thank you
Read Eye on the Wireless Oligopoly. Explain the effects of economies of scale and demand on the market for smartphone plans and illustrate it with a graph. Economies of scale and demand in the market for smartphone plans means that Price (dollars per smartphone plan) OA. the two largest firms have much bigger gross profits than the two smaller firms B. eventually all fims...
Please graph and label as instructed(make it clear please)
Provide answer and explain. Thank you
The graph shows the demand curve and marginal revenue curve of Whitewater, Inc., a producer of canoes in monopolistic competition Draw the firm's marginal cost curve if Whitewater produces 125 canoes a week. Label it. Draw a point at the profit-maximizing quantity and price Price and cost (dollars per canoe) 540- 480 420 360 If average total cost at the profit-maximizing quantity is $300 a...
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