The column choices are the same for each, I have posted a picture of each columns choices as they can be used for that same column.
Homework Answers
| Pricing Mechanism | Quantity | Price | Profit | Long run Decision | |
| PM | 7000 | 45 | Positive | Stay | |
| MC | 14000 | 10 | Negative | Exit | |
| AC | 13000 | 15 | Zero | stay or Exit |
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The column choices are the same for
each, I have posted a picture of each columns...
please make sure you answer all the questions, thank you 9. Regulating a natural monopoly Consider...
please make sure you answer all the questions, thank you
9. Regulating a natural monopoly Consider the local telephone company, a natural monopoly. The following araph shows the monthly demand curve for phone services and the company's marginal revenue (MR), marginal cost (MC), and average total cost (ATC) curves 100 90 80 70 60 50 40 ATC MO 30 20 10 MRI I 20 16 18 4 6 810 12 14 2 QUANTITY (Thousands of subscriptions) PRICE (Dollars per sub...
The following graph shows the demand (D) for cable services in a particular town. The graph...
The following graph shows the demand (D) for cable services in a particular town. The graph also shows the marginal revenue (MR) curve, the marginal cost (MC) curve, and the average total cost (ATC) curve for the local cable company, a natural monopolist. PRICE AND COSTS (Dollars per subscription P4 ATC PI Mc MR 1 02 03 QUANTITY İ Number of subscriptions! Based solely on the graph, which of the following prinopal tvpes of barriers to entry is the natural...
Consider the local telephone company, a natural monopoly. The following graph shows the demand curve for...
Consider the local telephone company, a natural monopoly. The following graph shows the demand curve for phone services, the company's marginal revenue curve (labeled MR), its marginal cost curve (labeled MC), and its average total cost curve (labeled ATC). You can hover over the points on the graph to see their exact coordinates. PRICE, COST, MR (Dollars per month) 100 90 80 70 60 Demand 50 40 30 ATC 20 MC 10 MR 54 60 30 36 42 48 0...
I just wanted to have someone check if this is correct, also the last picture of...
I just wanted to have someone check if this
is correct, also the last picture of the table is what I tried to
plug into the graph but the system is skipping over the numbers I
need to plug in when I put my mouse over it so I'm afraid it may be
incorrect. pls help, thank you!
7. Short-run supply and long-run equilibrium Consider the competitive market for copper. Assume that, regardless of how many firms are in the...
8. Natural monopoly analysis
8. Natural monopoly analysisThe following graph shows the demand (D) for cable services in the imaginary town of Utilityburg. The graph also shows the marginal revenue (MR) curve, the marginal cost (MC) curve, and the average total cost (ATC) curve for the local cable company, a natural monopolist.On the following graph, use the black point (plus symbol) to indicate the profit-maximizing price and quantity for this natural monopolist.Monopoly Outcome024681012141618201009080706050403020100PRICE (Dollars per subscription)QUANTITY (Number of subscriptions)DMRMCATCWhich of the following statements are...
Question 4: Novotel Lotus provides catered meals, and the catered meals industry is perfectly competitive. Novotel...
Question 4: Novotel Lotus provides catered meals, and the catered meals industry is perfectly competitive. Novotel Lotus machinery costs $100 per day and is the only fixed input. The firm's variable cost consists of the wages paid to the cooks and the food ingredients. The variable cost per day associated with each level of output is given in the accompanying table. Quantity of meals VC TC MC AVC ATC $200 $300 $480 $700 $1000 4.1. Calculate the total cost, the...
First Blue blank choices: earn a positive profit, operate at a loss, earn zero profit, shut...
First Blue blank choices: earn a positive profit, operate at a
loss, earn zero profit, shut down.
Second Blue Blank Choices: enter, exit, neither enter nor
exit
Third Blue Blank Choices: negative, positive, zero
Last Blank: 10, 15, 20
7. Short-run supply and long-run equilibrium Consider the competitive market for titanium. Assume that, regardless of how many firms are in the industry, every firm in the industry is identical and faces the marginal cost (MC), average total cost (ATC), and...
The choices for the 2 blanks are the same, please answer both blanks! Thank you! 13...
The choices for the 2 blanks are the same, please answer both
blanks! Thank you!
13 Homework a Price/Cost (S) 8 å 10 20 30 40 Quantity a. The firm's short run supply curve is given by: Marginal costs (Click to select) b. The firm's long run supply curve is given by Marginal costs equal to or greater than AVC Marginal costs equal to or greater than ATC The levelof output at the minimum of ATC < Prey 5 of...
2. A profit-maximizing business incurs an economic loss of S30,000 per month. Its fixed cost is...
2. A profit-maximizing business incurs an economic loss of S30,000 per month. Its fixed cost is S20,000 per month. a) Should this firm produce or shut down in the short run? Explain. Should it stay in the industry or exit in the long run? Explain. b) Suppose instead that this business has a fixed cost of S35,000 per month. Should it produce or shut down in the short run? Explain. Should it stay in the industry or exit in the...
Consider the competitive market for dress shirts. The following graph shows the marginal cost (MC), average...
Consider the competitive market for dress shirts. The following
graph shows the marginal cost (MC), average total cost (ATC), and
average variable cost (AVC) curves for a typical firm in the
industry.
On the following graph, use the orange points (square
symbol) to plot points along the portion of the
firm's short-run supply curve that corresponds to
prices where there is positive output. (Note: You
are given more points to plot than you need.)
At the current short-run market price,...
please make sure you answer all the questions, thank you
9. Regulating a natural monopoly Consider the local telephone company, a natural monopoly. The following araph shows the monthly demand curve for phone services and the company's marginal revenue (MR), marginal cost (MC), and average total cost (ATC) curves 100 90 80 70 60 50 40 ATC MO 30 20 10 MRI I 20 16 18 4 6 810 12 14 2 QUANTITY (Thousands of subscriptions) PRICE (Dollars per sub...
The following graph shows the demand (D) for cable services in a particular town. The graph also shows the marginal revenue (MR) curve, the marginal cost (MC) curve, and the average total cost (ATC) curve for the local cable company, a natural monopolist. PRICE AND COSTS (Dollars per subscription P4 ATC PI Mc MR 1 02 03 QUANTITY İ Number of subscriptions! Based solely on the graph, which of the following prinopal tvpes of barriers to entry is the natural...
Consider the local telephone company, a natural monopoly. The following graph shows the demand curve for phone services, the company's marginal revenue curve (labeled MR), its marginal cost curve (labeled MC), and its average total cost curve (labeled ATC). You can hover over the points on the graph to see their exact coordinates. PRICE, COST, MR (Dollars per month) 100 90 80 70 60 Demand 50 40 30 ATC 20 MC 10 MR 54 60 30 36 42 48 0...
I just wanted to have someone check if this
is correct, also the last picture of the table is what I tried to
plug into the graph but the system is skipping over the numbers I
need to plug in when I put my mouse over it so I'm afraid it may be
incorrect. pls help, thank you!
7. Short-run supply and long-run equilibrium Consider the competitive market for copper. Assume that, regardless of how many firms are in the...
Question 4: Novotel Lotus provides catered meals, and the catered meals industry is perfectly competitive. Novotel Lotus machinery costs $100 per day and is the only fixed input. The firm's variable cost consists of the wages paid to the cooks and the food ingredients. The variable cost per day associated with each level of output is given in the accompanying table. Quantity of meals VC TC MC AVC ATC $200 $300 $480 $700 $1000 4.1. Calculate the total cost, the...
First Blue blank choices: earn a positive profit, operate at a
loss, earn zero profit, shut down.
Second Blue Blank Choices: enter, exit, neither enter nor
exit
Third Blue Blank Choices: negative, positive, zero
Last Blank: 10, 15, 20
7. Short-run supply and long-run equilibrium Consider the competitive market for titanium. Assume that, regardless of how many firms are in the industry, every firm in the industry is identical and faces the marginal cost (MC), average total cost (ATC), and...
The choices for the 2 blanks are the same, please answer both
blanks! Thank you!
13 Homework a Price/Cost (S) 8 å 10 20 30 40 Quantity a. The firm's short run supply curve is given by: Marginal costs (Click to select) b. The firm's long run supply curve is given by Marginal costs equal to or greater than AVC Marginal costs equal to or greater than ATC The levelof output at the minimum of ATC < Prey 5 of...
2. A profit-maximizing business incurs an economic loss of S30,000 per month. Its fixed cost is S20,000 per month. a) Should this firm produce or shut down in the short run? Explain. Should it stay in the industry or exit in the long run? Explain. b) Suppose instead that this business has a fixed cost of S35,000 per month. Should it produce or shut down in the short run? Explain. Should it stay in the industry or exit in the...
Consider the competitive market for dress shirts. The following
graph shows the marginal cost (MC), average total cost (ATC), and
average variable cost (AVC) curves for a typical firm in the
industry.
On the following graph, use the orange points (square
symbol) to plot points along the portion of the
firm's short-run supply curve that corresponds to
prices where there is positive output. (Note: You
are given more points to plot than you need.)
At the current short-run market price,...
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