Ans) the correct option is d) $ 5
The firm will shut down if the price falls below AVC
The figure at right shows the cost curves for a competitive firm. The firm will shut...
19) The above figure shows the cost curves for a competitive firm. If the price is _______, then this firm will _______, and it ______ shut down in the short run. A) less than $10; incur economic loss; will not. B) greater than $10; earn economic profit; will not. C) less than $10; incur economic loss; may or may not. D) B and C only E) A and B only $1q] MC 15 AC 11 10 AVC 40
The above figure shows the cost curves for a competitive firm. If the price is _______, then this firm will _______, and it ______ shut down in the short run. A) less than $10; incur economic loss; will not. B) greater than $10; earn economic profit; will not. C) less than $10; incur economic loss; may or may not. D) B and C only E) A and B only I got answer of D and E from different experts. I...
The following graph shows the demand and cost curves for a perfectly competitive firm. The profit-maximizing firm will: MC ATC // AVC Multiple Choice shut down. ο produce with short-run losses. O produce with long-run economic profits. ο produce with short-run economic profits.
Cost, $ MC 30 AC 20 18 AVC G 10 50 80 9 The graph above shows the cost curves for a competitive firm. In the short run, the firm will shut down if price falls below O 50 O $10 O $18 $20
Figure 14-4 The figure below depicts the cost structure of a firm in a competitive market. Price ATC МС AVC P3 Q, Q2 Q Quantity Refer to Figure 14-4. Firms would be encouraged to shut down in the short run for all prices smaller than P3 P4
Exhibit 8-16 Short-run cost curves for a competitive firm In Exhibit 8-16, if the market price of its product is $50 per unit, then the firm will: Group of answer choices A. have a loss B. shut down. C. exit the industry. D. earn a zero economic profit. -мс. 100 90 80 Cost 70 АТС per unit 60 50 -AVC- (dollars) 40 30 20 10 3 4 5 6 7 8 0 1 2 Quantity of output (units per hour)
Question 36 O out of 2 points Exhibit 8-16 Short-run cost curves for a competitive firm 100 90 -MC Vd Cost per unit 70 ATC 60 50 (dollars) 40 30 20 10 AVC Quantity of output (units per hour) In Exhibit 8-16, the firm should shut down in the short run if the market price of its product falls below:
for this firm is represented by the area . Figure 7-5 shows cost and revenue curves for a perfectly competitive firm. The short-run Figure 7-5 Price в АТС 16-- AVC A CP-MR-AR Quantity (firm) O a. loss; OPAZ O b.profit; PABP1 O c. loss; OP1Bq O d. profit; OP 1Bq O e. loss; PABP1
Figure 14-6 Suppose a firm operating in a competitive market has the following cost curves: Price MC ATC AVC PS P4 P3 B1 Q1 02 Q3 04 Paarip Refer to Figure 14-6. Firms will shut down in the short run if the market price a. exceeds P3. b. is less than P1. c. is greater than P1 but less than P3. O d. exceeds P2. சிவவடானே 59 30 ...
Figure 14-2 Suppose a firm operating in a competitive market has the following cost curves 1 Price MC ATC AVC Pd+--/.. Refer to Figure 14-2. If the market price is Pa, in the short run the firm will eam A.zero economic profits, B. negative economic profits and will shut down. C. negative economic profits but will try to remain open. Dpositive economic profits.