ZuoTi.Pro
Question

LAC SAC SAC SAC SAC SAC, SAC 50 90 140 200 Please answer the next two questions based on the information provided above for a profit maximizing firm. 15. Suppose this firm is producing and selling 85 units of output. This firm should utilize a plant that generates which short run AC curve? 16. Suppose this firm is producing and selling 220 units of output. This firm should utilize a plant that generates which short run AC curve?
business   economics   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

0 0
Add a comment
Know the answer?
Add Answer to:
LAC SAC SAC SAC SAC SAC, SAC 50 90 140 200 Please answer the next two...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • Please solve both and show work. Use the graph below oh below to answer the next two questions. ATC MC $5.50 AVC $4....

    Please solve both and show work. Use the graph below oh below to answer the next two questions. ATC MC $5.50 AVC $4.50 -MR $3 25 40 50 Quantity 35. This profit-maximizing firm will produce units of output and have total revenue of a. 40; $170 b. 40; $220 c 5 0; $225 d. 50; $275 This profit-maximizing firm is: a. in long-run equilibrium. b. earning an economic profit of $40 in the short run. earning an economic profit of...

  • Answer A-H Please Answer the following Questions for a Monopoly Firm. Price Quantity TR MR MC...

    Answer A-H Please Answer the following Questions for a Monopoly Firm. Price Quantity TR MR MC TC Profit $15,000 0 ---- ---- $50,000 14,000 1 $52,000 13,000 2 $53,000 12,000 3 54,000 11,000 4 $2,000 10,000 5 59,000 9,000 6 4,000 8,000 7 $69,000 7,000 8 $8,000 6,000 9 5,000 10 4,000 11 $18,000 3,000 12 $143,000 a) Fill in the missing information above for this Monopoly Firm for its monthly production. Note there are no numbers for MC and...

  • Which of the following is a characteristic of pure monopoly? Question 2 Describe the characteristics of...

    Which of the following is a characteristic of pure monopoly? Question 2 Describe the characteristics of the long-run equilibrium for a perfectly competitive firm. Assume a purely competitive firm is selling 200 units of output at $3 each. At this output, its total fixed cost is $100 and its total variable cost is $350. This firm is making a profit, but not necessarily the maximum profit. is maximizing its profit. is incurring losses. should shut down in the short run....

  • The figure is drawn for a monopolistically competitive firm. MC ATC 140 123.33 8 PRICE Demand...

    The figure is drawn for a monopolistically competitive firm. MC ATC 140 123.33 8 PRICE Demand 90 56.67 MR 100 133.33 QUANTITY Refer to Figure 16-5. The quantity of output at which the MC and ATC curves cross is the long-run equilibrium quantity of output for the firm. short-run equilibrium quantity of output for the firm. efficient scale of the firm. profit-maximizing quantity.

  • SHOW ALL WORK A profit-maximizing firm in the short run has total fixed costs of $200....

    SHOW ALL WORK A profit-maximizing firm in the short run has total fixed costs of $200. Its variable costs are as below. Output             Total Variable Cost             0                                  $0                                                                         1                                  $190                                                                                                             2                                  $360                                                                                                             3                                  $510                                                                                                 4                                  $650                                                                                                 5                                  $800                                                                                                 6                                  $990                                                                                                 7                                  $1,190                                                                                                 8                                  $1,420             9                                  $1,770             10                                $2,170 (A)       (3 pts.) Calculate average total cost when output is 5 units....

  • does this involve langragian method using CES production function? please solve as the answer posted isn't...

    does this involve langragian method using CES production function? please solve as the answer posted isn't understandable. A firm producing hockey sticks has a production function given by q=2 ki, In the short run, the firm's amount of capital equipment is fixed at k = 100. The rental rate for kis y=$1, and the wage rate for l is w = $4. a. Calculate the firm's short-run total cost curve. Calculate the short-run average cost curve. b. What is the...

  • Suppose a firm's short run production function is given by the following table: 90 Howrono 20...

    Suppose a firm's short run production function is given by the following table: 90 Howrono 20 50 90 120 140 150 (155 149 a) What is the marginal product of the 6th worker? b) What is the average product of labor when the firm is producing 150 units of output?

  • Help with #3-5 please! Total Cost Total $1,400 Revenue 1,200 1,000 800 600 400 200 0...

    Help with #3-5 please! Total Cost Total $1,400 Revenue 1,200 1,000 800 600 400 200 0 100 320 440 Output 3. Refer to the above short-run data. The profit-maximizing output for this firm is: A. Above 440 units. B 440 units. C. 320 units. D. 100 units. 4. Refer to the above short-run data. Which of the following is correct? A. Any level of output between 100 and 440 units will yield an economic profit. B. Any level of output...

  • ECONOMICS

    Consider a firm facing conventional technology with U-shaped AVC and ATC and MC. The firm wants to maximize profits given an exogenously fixed price of P = $20. Further, suppose the firm correctly determines that its short run profit maximizing output is 1000 given its costs and the exogenously fixed price of $20.Question 1AUsing the axes as constructed below, depict marginal revenue and marginal cost curves that would support the conclusion that the optimal short run output is q =...

  • Consider a firm facing conventional technology with U-shaped AVC and ATC and MC. The firm wants...

    Consider a firm facing conventional technology with U-shaped AVC and ATC and MC. The firm wants to maximize profits given an exogenously fixed price of P = $20. Further, suppose the firm correctly determines that its short run profit maximizing output is 1000 given its costs and the exogenously fixed price of $20. Question 1A Using the axes as constructed below, depict marginal revenue and marginal cost curves that would support the conclusion that the optimal short run output is...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT