Homework Answers
Answer is D....
Because firm shut down candition is when firm not earn equal to cost of at least variable cost . In the short run firm bearing minimum losses equal to Fixed cost only.
Other then firm decided shutdown.
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If a firm shuts down, it O will stop earning revenues and avoid sunk, fixed, and...
QUESTION 17 If Ajax a manufacturing firm is earning zero economic profits A. the revenues for...
QUESTION 17 If Ajax a manufacturing firm is earning zero economic profits A. the revenues for Ajax are sufficient to pay explicit costs but not implicit costs B. the owner of Ajax are earning enough to pay their explicit costs only C. the owner of Ajax will not be able to pay himself D. Ajax will shut down in the long run, but will continue to operate in the short run
For questions 4-6: A firm has weekly revenue of $1000. The firm's total cost is $1450...
For questions 4-6: A firm has weekly revenue of $1000. The firm's total cost is $1450 per week. The firm will shut down if weekly fixed (sunk) cost is The firm's variable cost is $900 and its fixed cost, which is all sunk, is $500. The firm will shut down. 2 The firm's variable cost is $500 and its fixed cost is $800. The firm shuts down if the percentage of fixed costs that is avoidable is greater than
Industry Firm SP MC ATC X -P=MR AVC 35.61. .. 10,000 10 16 18 Answer the following question based off of the graphs abo...
Industry Firm SP MC ATC X -P=MR AVC 35.61. .. 10,000 10 16 18 Answer the following question based off of the graphs above, which depict a perfectly competitive industry and firm. Assume that fixed costs (FC) for the firm are $400: Does the firm continue to operate given the information presented in the graph? When would a firm shut down? The firm continues to operate in the short run; A firm would shut down in the short run if...
e. we cannot calculate fixed cost If a firm shuts down in the short run and...
e. we cannot calculate fixed cost If a firm shuts down in the short run and produces no ousput, its b. 6. total cost will be e. d. e. equal to total variable cost equal to total fixed cost equal to explicit costs only impossible to calculate Exhibit 7-18 3/0 el $1 Q/t 10 7. In Exhibit 7-8, the vertical distance between lines B and C at any level of output represents a. marginal cost b. average total cost c....
The loss of a perfectly competitive firm which shuts down in the short run: Multiple Choice...
The loss of a perfectly competitive firm which shuts down in the short run: Multiple Choice O is equal to its total variable costs. O O ь is zero. гето. O is equal to its total fixed costs. cannot be determined. Refer to the diagrams, which show the demand and cost curves for a perfectly competitive firm producing output and the demand and supply curve for the industry in which it operates. Which of the following is correct? ATC AVC...
A firm has weekly revenue of $1000. a) The firm's total cost is $1450 per week....
A firm has weekly revenue of $1000. a) The firm's total cost is $1450 per week. The firm will shut down if weekly fixed (sunk) cost is what? b) The firm's variable cost is $500 and its fixed cost is $800. The firm shuts down if the percentage of fixed costs that is avoidable is greater than 20%, 40%, 60%, or 80%?
For questions 4-6: A firm has weekly revenue of $1000. The firm's total cost is $1450...
For questions 4-6: A firm has weekly revenue of $1000. The firm's total cost is $1450 per week. The firm will shut down if weekly fixed (sunk) cost is 2 40 500 HD] 70 2 “ ។ ៩ ៥ ៩៥ ៩ ៩ ន ដ ន ម ១ The firm's variable cost is $900 and its fixed cost, which is all sunk, is $500. FTRUE The firm will shut down. ALSE 2 The firm's variable cost is $500 and its faed...
A firm should always shutdown if its revenue is less than its sunk costs fixed costs...
A firm should always shutdown if its revenue is less than its sunk costs fixed costs O total costs O avoidable costs
Are they both correct In the short run, a firm shuts down if price is less...
Are they both correct
In the short run, a firm shuts down if price is less than average total cost. O True O False D | Question 2 2 pts Price discrimination by a monopolist can decrease deadweight loss compared to a non-price discriminating monopolist. O True O False
Suppose that a firm in a perfectly competitive market has sunk fixed cost and avoidable fixed...
Suppose that a firm in a perfectly competitive market has sunk fixed cost and avoidable fixed cost. If the market price is above the minimum point on the short-run average variable cost curve, the firm will necessarily produce a positive quantity. True or False?
QUESTION 17 If Ajax a manufacturing firm is earning zero economic profits A. the revenues for Ajax are sufficient to pay explicit costs but not implicit costs B. the owner of Ajax are earning enough to pay their explicit costs only C. the owner of Ajax will not be able to pay himself D. Ajax will shut down in the long run, but will continue to operate in the short run
For questions 4-6: A firm has weekly revenue of $1000. The firm's total cost is $1450 per week. The firm will shut down if weekly fixed (sunk) cost is The firm's variable cost is $900 and its fixed cost, which is all sunk, is $500. The firm will shut down. 2 The firm's variable cost is $500 and its fixed cost is $800. The firm shuts down if the percentage of fixed costs that is avoidable is greater than
Industry Firm SP MC ATC X -P=MR AVC 35.61. .. 10,000 10 16 18 Answer the following question based off of the graphs above, which depict a perfectly competitive industry and firm. Assume that fixed costs (FC) for the firm are $400: Does the firm continue to operate given the information presented in the graph? When would a firm shut down? The firm continues to operate in the short run; A firm would shut down in the short run if...
e. we cannot calculate fixed cost If a firm shuts down in the short run and produces no ousput, its b. 6. total cost will be e. d. e. equal to total variable cost equal to total fixed cost equal to explicit costs only impossible to calculate Exhibit 7-18 3/0 el $1 Q/t 10 7. In Exhibit 7-8, the vertical distance between lines B and C at any level of output represents a. marginal cost b. average total cost c....
The loss of a perfectly competitive firm which shuts down in the short run: Multiple Choice O is equal to its total variable costs. O O ь is zero. гето. O is equal to its total fixed costs. cannot be determined. Refer to the diagrams, which show the demand and cost curves for a perfectly competitive firm producing output and the demand and supply curve for the industry in which it operates. Which of the following is correct? ATC AVC...
For questions 4-6: A firm has weekly revenue of $1000. The firm's total cost is $1450 per week. The firm will shut down if weekly fixed (sunk) cost is 2 40 500 HD] 70 2 “ ។ ៩ ៥ ៩៥ ៩ ៩ ន ដ ន ម ១ The firm's variable cost is $900 and its fixed cost, which is all sunk, is $500. FTRUE The firm will shut down. ALSE 2 The firm's variable cost is $500 and its faed...
A firm should always shutdown if its revenue is less than its sunk costs fixed costs O total costs O avoidable costs
Are they both correct
In the short run, a firm shuts down if price is less than average total cost. O True O False D | Question 2 2 pts Price discrimination by a monopolist can decrease deadweight loss compared to a non-price discriminating monopolist. O True O False
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