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Since it is perfect comptt , price remains constant.
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Format Arrange View Share Window Help Assignment 7.1 Worksheet - Chapter 9 125% T T ew...
42 MC ATC 32 AVC 24 18 14 I0 AFC Quantity 0 0.5 1 1.5 2...
42 MC ATC 32 AVC 24 18 14 I0 AFC Quantity 0 0.5 1 1.5 2 2.5 3 3.5 4 4.5 5 5.5 6 6.5 7 7.5 8 8.5 9 9.5 10 1. The accompanying graph (top of next page) summarizes the demand and costs for a firm that operates in a perfectly competitive market. a. What level of output should this firm produce in the short run? b. What price should this firm charge in the short run? c....
Help with 14-16 please. 14. A Monopoly: A. Will realize an economic profit if price exceeds...
Help with 14-16 please.
14. A Monopoly: A. Will realize an economic profit if price exceeds ATC at the profit-maximizing/loss-minimizing level of output. B. Will realize an economic profit if ATC exceeds MR at the profit-maximizing/loss-minimizing level of output c. Will realize an economic loss if MC intersects the down-sloping portion of MR D. Always realizes an economic profit. MC ATC AVC 15. At equilibrium, the profit-maximizing monopolist facing the situation shown in the graph above will face: A. Average...
7. A profit maximizing firm in a competitive market produces replica toy cars. Suppose the market...
7. A profit maximizing firm in a competitive market produces replica toy cars. Suppose the market price for replica toy cars decreases to $12. At the profit maximizing (loss minimizing) quantity of 20,000 toy cars, the ATC is equal to $15 and the AFC is equal to $5. Given these conditions the (x) firm will experience losses of $60,000 since price is less than average total cost. (y) the firm will continue to produce 20,000 toy cars since it would...
need some help with all of this. ert Format Arrange View Share Window Help HW9monoA (1)...
need some help with all of this.
ert Format Arrange View Share Window Help HW9monoA (1) TT Insert Table Chart Text Shape Media D 126% Zoom + Add Page View Comment Cole 60 On the left is your monopoly. 1)If you handle your customers without any discrimination and maximize your profits, then where MC crosses MR below this will be your of_This Qapplied to the PD (price, demand) curve will result in price of $_which at that quantity is above...
5:42 luET 09. Which statement is true? A. Economies of scale are more common when Q...
5:42 luET 09. Which statement is true? A. Economies of scale are more common when Q is low and occur when increasing production lowers ATC as for natural monopolies. B. Diseconomies of scale are more common when Q is high and occur when increasing production decreases ATC as for natural monopolies. C. Economies of scale are more common when Q is high and occur when increasing production increases ATC as in a perfect competition framework. D. Diseconomies of scale are...
10. Long-run cost relationships The following graph shows the short-run average total cost curves and the...
10. Long-run cost relationships The following graph shows the short-run average total cost curves and the long-run average total cost curve for a publishing firm. The five marked quantities indicate points of tangency between each short-run average total cost curve (ATC) and the long-run average total cost curve (LRATC); for example, Q, marks the point of tangency between ATC, and LRATC. The orange point on ATC3 indicates the firm's current output level in the short run (0). ATC AT LRA...
14) Which company is most likely to be less efficiently managed? a) U.S. Postal Service b) UPS c)...
Please answer all multiple choices . i would be very
thankful
14) Which company is most likely to be less efficiently managed? a) U.S. Postal Service b) UPS c) FedEx d) AppleS IC AC AVC 30 20 4 10 20 30A 40 50 60 70 80 67 OUTPUT 34 79 The following questions 14 to 16 are based on the above graph 15) The profit-maximizing output is: a) 30 b) 54. c) 60 d) 67 e) 79 16) At the...
Week 3 Assignment Worksheet Complete the following table. Be sure to copy/paste your completed table into...
Week 3 Assignment Worksheet Complete the following table. Be sure to copy/paste your completed table into your Assignment submission. Total Average Average Marginal Price Total Profits Fixed Variable Costs Widgets Produced Costs MR Cost Costs Variable Cost Cost 10 10 25 0 1 10 2 15 10 3 23 32 4 10 5 42 10 53 6 10 7 65 10 8 78 10 92 10 223 20823 9 6 25 53 10 7 25 65 10 25 78 10...
1. Using the table below, a price of $6 for the output (Py), a cost of...
1. Using the table below, a price of $6 for the output (Py), a cost of $10 per unit of variable input (Px), and a TFC of $200, compute the three total costs (TVC, TFC, TC), the three average costs (AVC, AFC, ATC) and the marginal cost (MC). (28 points) (Please show work for all the questions) TFC TVC TC AFC AVC ATC MC Variable Output Input (bushels) 0 0 10 35 20 75 30 105 40 130 SO 140...
Suppose a firm has a total cost function, T C = 3/8(Q^2) − 50, and therefore...
Suppose a firm has a total cost function, T C = 3/8(Q^2) − 50, and therefore marginal costs of MC = 3/4Q. Assume the market for this firm’s goods is perfectly competitive with a market price, P = 24. (a) Given the information above, is the firm in the short-run or long-run? (1 point) (b) Write down the firm’s marginal revenue equation. (1 points) (c) How many units should the firm produce if it wants to maximize profit? (3 points)...
42 MC ATC 32 AVC 24 18 14 I0 AFC Quantity 0 0.5 1 1.5 2 2.5 3 3.5 4 4.5 5 5.5 6 6.5 7 7.5 8 8.5 9 9.5 10 1. The accompanying graph (top of next page) summarizes the demand and costs for a firm that operates in a perfectly competitive market. a. What level of output should this firm produce in the short run? b. What price should this firm charge in the short run? c....
Help with 14-16 please.
14. A Monopoly: A. Will realize an economic profit if price exceeds ATC at the profit-maximizing/loss-minimizing level of output. B. Will realize an economic profit if ATC exceeds MR at the profit-maximizing/loss-minimizing level of output c. Will realize an economic loss if MC intersects the down-sloping portion of MR D. Always realizes an economic profit. MC ATC AVC 15. At equilibrium, the profit-maximizing monopolist facing the situation shown in the graph above will face: A. Average...
need some help with all of this.
ert Format Arrange View Share Window Help HW9monoA (1) TT Insert Table Chart Text Shape Media D 126% Zoom + Add Page View Comment Cole 60 On the left is your monopoly. 1)If you handle your customers without any discrimination and maximize your profits, then where MC crosses MR below this will be your of_This Qapplied to the PD (price, demand) curve will result in price of $_which at that quantity is above...
5:42 luET 09. Which statement is true? A. Economies of scale are more common when Q is low and occur when increasing production lowers ATC as for natural monopolies. B. Diseconomies of scale are more common when Q is high and occur when increasing production decreases ATC as for natural monopolies. C. Economies of scale are more common when Q is high and occur when increasing production increases ATC as in a perfect competition framework. D. Diseconomies of scale are...
10. Long-run cost relationships The following graph shows the short-run average total cost curves and the long-run average total cost curve for a publishing firm. The five marked quantities indicate points of tangency between each short-run average total cost curve (ATC) and the long-run average total cost curve (LRATC); for example, Q, marks the point of tangency between ATC, and LRATC. The orange point on ATC3 indicates the firm's current output level in the short run (0). ATC AT LRA...
Please answer all multiple choices . i would be very
thankful
14) Which company is most likely to be less efficiently managed? a) U.S. Postal Service b) UPS c) FedEx d) AppleS IC AC AVC 30 20 4 10 20 30A 40 50 60 70 80 67 OUTPUT 34 79 The following questions 14 to 16 are based on the above graph 15) The profit-maximizing output is: a) 30 b) 54. c) 60 d) 67 e) 79 16) At the...
Week 3 Assignment Worksheet Complete the following table. Be sure to copy/paste your completed table into your Assignment submission. Total Average Average Marginal Price Total Profits Fixed Variable Costs Widgets Produced Costs MR Cost Costs Variable Cost Cost 10 10 25 0 1 10 2 15 10 3 23 32 4 10 5 42 10 53 6 10 7 65 10 8 78 10 92 10 223 20823 9 6 25 53 10 7 25 65 10 25 78 10...
1. Using the table below, a price of $6 for the output (Py), a cost of $10 per unit of variable input (Px), and a TFC of $200, compute the three total costs (TVC, TFC, TC), the three average costs (AVC, AFC, ATC) and the marginal cost (MC). (28 points) (Please show work for all the questions) TFC TVC TC AFC AVC ATC MC Variable Output Input (bushels) 0 0 10 35 20 75 30 105 40 130 SO 140...
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