Homework Answers
Q1) option 1) 300
supply curve shifts upwards by 2, so at new eqm
Q = 300
Q2) option 1) MR = MC
Q3) option 4) P = AVC
Q4) option. 1) 40
CS = .5*(8-4)*20
= 40
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Please help!
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The graph contains the relevant cost curves for a perfectly (or purely) competitive firm. Move point A on the graph to the shutdown point. 1,000 MC 900.0 ATC In order for the firm to earn positive economic profits the price of the good must be above what value? AVC price of a good: $ Price and cost What is the shutdown price for this firm? shutdown price: $ AFC 800.00 0 100 200 300 600 700 800 900 1,000 400...
Need help with question 9 please!!!!!
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Please help!
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