Answer is C...
Because PROFIT MAXIMISING output decision where MC is equal MR AND MC cuts MR from below.
So account this firms producing O quantity and sale on B PRICE.
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Refer to the figure below. MC ATC PRICE Z Y х D MR NOP QUANTITY What price will the monopolist charge in order to maximize profit? OX OZ OB C Writing Assign....docx
Refer to the figure below. MC c PRICE ATC z Y х MR NO P QUANTITY What area measures the monopolist's profit? O (B-Z) O (C – X) x N O (B-Y) x 0 O 0.5[(B-Z) (P-N)]
MC ATC MC ATC -D MR MR 0 0 (b) MC ATC D MR (c) 65. Refer to the above diagrams, which pertain to monopolistically competitive firms. Short-run equilibrium entailing economic loss is shown by: A) diagram a only. B) diagram b only. C) diagram conly. D) both diagrams a and c. 66. Refer to the above diagrams, which pertain to monopolistically competitive firms. A short-run equilibrium entailing economic profits is shown by: A) diagram a only. B) diagram b...
Figure 12-4 Price and cost MC ATC AVC $40.50 36.00 30.00 22.00 20.00 -MR 130 180 240 Quantity Figure 12-4 shows the cost and demand curve for a profit-maximizing firm in a perfectly competitive market. 37) Refer to Figure 12-4. If the market price is $30 and if the firm is producing output, what is the amount of its total variable cost? A) $7,200 B) $6,480 C) $5,400 D) $3,960 Figure 15-6 Revenue and cost per unit $30 ATC Demand...
Price (dollars per pound) 5 MC ATC Market prio D-MR 2 1 0 10 20 30 40 Quantity (thousands of pounds) Figure 12-6 shows the demand, marginal cost (MC) and average total cost (ATC) curves for Jason's House of Apples. Refer to Figure 12-6. To maximize his proft, Jason should produce the level of output indicated by point Od OG
Refer to the information provided in Figure 13.5 below to answer the questions that follow. MC ATC Price per unit LL MR 20222426 hits of output Figure 13.5 1. Refer to Figure 13.5. The profit-maximizing level of output for this monopolist is units of output. A) 20 B) 22
Worksheet 7 1. Use the figure below to answer the following questions. P, MR, MC, ATC $50 ATC MR 100 150 200 250 300 400 Quantity of output (per week) a. What quantity would they sell? What would be the price? b. What will be the profit of this monopoly? c. What will be the consumer surplus in this unregulated monopoly? d. Is this a natural monopoly? Why or why not? e. Suppose this firm was able to practice perfect...
Refer to the information provided in Figure 8.9 below to answer the questions that follow. SA MC ATC P = MR 24 20 18 Price 0 100 350 500 700 4 Bales of hay Figure 8.9 Refer to Figure 8.9. if the price jay falls to 18, to maximize profits, the firm should. produce 700 to minimize fixed costs O produce 350 and break even- reduce production to 500 shut down to avoid losses If P = MC and MC...
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.
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