18 Mathematical Computations (5 points each) 18. MC ATC Avc Dollars к о Е Quantity Refer...
costs of producing Prod bushels AVC (dollars) ATC (dollars) MC (dollars) 0.80 е.00 1.00 248.00 85.00 63.33 55.00 51.00 0.00 20.80 e.00 4.86 7.50 48.00 56.00 65.00 75.00 44.80 54.80 Instructions: Enter your answers as a whole number. If you are entering any negative numbers be sure to In front of those numbers a. If the market price is $56.00 per bushel of wheat, and All chooses to produce wheat, how much will he pr maxtmize his profits in the...
Question 49 1 pts Dollars per unit MC $40 36 ATC 32 28 24 20 16 D MR = AR ン/AVC 12 4 100 150 200 250 Quantity This diagram most likely represents what market structure? could represent all excent a perfect.competition AA itEN i 28 D MR = A 24 AVC 20 16 12 150 100 200 250 Quantity This diagram most likely represents what market structure? could represent all except a. perfect competition oligopoly monopolistic competition perfect competition...
Exhibit 12-6 MC ATC AVC -P-MR-AR Quantity (firm) for this firm is represented by the area of Refer to Exhibit 12-6. The short run profit; OP,Bq loss; OP Bq profit; PABP loss; PABP Price
Help with #12-14 please. For questions 12-14, refer to this diagram for a purely competitive producer. Dollars ATC AVC Demand -MR в с Quantity 12. This firm's profit maximizing point is point_ 13. Based on the profit maximizing point this firm should produce Q_ 14. This firm is experiencing: PROFIT O LOSS and sell at price $_ Or BREAK-EVEN
Question 26 5 pts Price ATC MC AVC DD . m 0 Quantity Refer to the diagram above. At the point markede, o price is determining production at a level where P = AVC o TR is exactly equal to TC, so profits equal zero. o price is above average cost of production. o the leftover rectangle is the profit earned. Question 28 4 pts The following figure shows the average cost curve, demand curve, and marginal revenue curve for...
MC ATC S d., MA, Question 4. Assume this form is trying to maximize Profit under Perfect Competition. How much is its Profit or Loss? Show your solution Price and Cost(dollars) TE 15x17 255 TC-11717= 187 TR>TC Tuc=119 TFC 68 255-189 I Profit = 68 Te-TUC+ TF C l Quantity (a) Case 1 MC ATC Question 5. Assume this firm is trying to maximize Profit under Perfect Competition. How much is its Profit or Loss? Show your solution. LOS Price...
Question 8 (Mandatory) (5 points) MC ATC AVC 13 MR Price 00 6 4 0 10 15 28 31 20 Quantity Reference: Ref 24-3 In the figure above, to maximize profits or minimize losses the firm should produce units. OA) 15 B) 20 C) 28 OD 10 Question 11 (Mandatory) (5 points) MC ATC AVC 13- MR Price 9 8 A 0 4 10 15 28 20 Quantity Reference: Ref 24-3 In the figure above, the firm A) could make...
MC ATC Question 5. Assume this firm is trying to maximize Profit under Perfect Competition. How much is its Profit or Loss? Show your solution. I Price and Cost (dollars) -dz, MR AVC Quantity (c) Case 3
1. Complete the table 2 . Plot ATC, AVC, and MC in one diagram. 3 . What is the shutdown price? 4. At a price of $18.8 how much should the firm produce to maximize profit? 5. At a price of $18.8 calculate its profit. please show me how you got the result not only the answer. thank you Q TFC TVC TC AVC ATC MC 0 30 NA NA NA 1 50 2 66 3 80 4 90 5...
Price MC ATC AVC - MR 40 45 47 Quantity a. (1 points) Using the graph above, what is the profit maximizing or loss minimizing output and price? b. (1 point)Using the graph above, what is the profit or loss for the profit maximizing firm? c. (2 points) What would happen in this market in the long run. Be sure to explain in detail what happens in the market and the firm. What would be the long run price, and...