Computer Prices are $800
If the market price for computers is $800 and this typical firm is producing at $600 calculate the profits or losses for this typical firm
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Use the graph to answer four questions. Typical Computer Firm Price or Cost (dollars per computer)...
Use the graph to answer four questions. Typical Computer Firm Price or Cost (dollars per computer) $1,400 $1,300 $1,200 $1,100 $1,000 $900 $800 $700 $600 $500 $400 (600, 400) $300 $200 0 100 200 300 400 500 600 700 800 900 1,000 Quantity (computers per month) If the market price for computers is $500, Instructions: Enter your responses as a whole number. If you are entering any negative numbers be sure to include a negative sign (-) in front of...
1) The table below represents the costs for a computer company for a week (sorry, they're...
1) The table below represents the costs for a computer company for a week (sorry, they're not very realistic). Quantity Fixed Costs Variable Total Costs Average Average Marginal Costs Total Cost Variable Cost Costs $1000 $600 $1000 $1100 $1000 $1500 $1000 $1800 $1000 $2200 $1000 $2700 $1000 $3400 $1000 $4500 a. Complete the missing information in the table. b. At what price would the company shut-down in the short run? C. Suppose this economy is operating in a perfectly competitive...
5.* MBI and Pear are the only two producers of computers. MBI started producing earlier than Pear. MBI's costs of p...
5.* MBI and Pear are the only two producers of computers. MBI started producing earlier than Pear. MBI's costs of production are given by C1(/1) = y?. Pear's cost function is C2(y2) = The national demand for computers is y 106 - 105p (a) Calculate the Stackelberg equilibrium in which MBI is the leader in this market. Indicate output levels, market price, and the profits of each firm 5y2 (b) Suppose that both firms enter this market at the same...
Market Price 90 80 70 Total Market Output 600 800 1,000 1.200 1,400 1.600 1.800 60...
Market Price 90 80 70 Total Market Output 600 800 1,000 1.200 1,400 1.600 1.800 60 50 40 30 (Table: Three-Country Oil Production) Suppose that three countries are engaged in oil production. For simplicity, assume zero costs so that revenue equals profit. If the countries create a cartel and agree to mimic monopoly-like behavior to maximize total profit, the level of output each firm would produce is type your answer... units. Now, suppose that country A breaks the agreement by...
The table below represents the costs for a computer company for a week (sorry, they're not...
The table below represents the costs for a computer company for a week (sorry, they're not very 1) realistic). Quantity Fixed Costs Variable Total Costs Average Average Marginal Costs Total Cost Variable Cost Costs $1000 $1000 $1000 $1000 $1000 $1000 $1000 $1000 1 $600 2 $1100 3 $1500 $1800 $2200 $2700 $3400 $4500 6 7 Complete the missing information in the table. a. b. At what price would the company shut-down in the short run? Suppose this economy is operating...
The table below represents the costs for a computer company for a week (sorry, they’re not...
The table below represents the costs for a computer company for a week (sorry, they’re not very realistic). Quantity Fixed Costs Variable Costs Total Costs Average Total Cost Average Variable Costs Marginal Cost 1 $1000 $600 2 $1000 $1100 3 $1000 $1500 4 $1000 $1800 5 $1000 $2200 6 $1000 $2700 7 $1000 $3400 8 $1000 $4500 Complete the missing information in the table. At what price would the company shut-down in the short run? Suppose this economy is...
Suppose that in a perfectly competitive market, the market price is $10. A firm in that...
Suppose that in a perfectly competitive market, the market price is $10. A firm in that market has marginal cost of $10, average total cost of $12, and it is producing 100 units. The firm is earning 51.000 in total economic profits and is maximizing economic profits. earning $200 in total economic profits and is maximizing economic profits. incurring $200 in total economic losses and is minimizing economic losses earning zero total economic profits and is not maximizing economic profits
Finished part a, just need help with part b 5. MBI and Pear are the only...
Finished part a, just need help
with part b
5. MBI and Pear are the only two producers of computers. MBI started producing earlier than Pear. MBI's costs of production are given by C1(/1) = y?. Pear's cost function is C2(y2) The national demand for computers is y = 106 - 105p (a) Calculate the Stackelberg equilibrium in which MBI is the leader in this market. Indicate output levels, market price, and the profits of each firm 5y2 == (b)...
Consider a market with the demand curve given by ?=400−2?. a. Suppose this market is monopolistic...
Consider a market with the demand curve given by ?=400−2?. a. Suppose this market is monopolistic with a monopoly having a total cost function given by ??=1200+80?. Compute the market price and quantity sold in this market, as well as the level of profits for the monopolist. b. Suppose this market is a perfect competition with a typical firm having a total cost function given by ??=1200+80?. Compute the market price and quantity sold in this market, as well as...
Industry Firm МС P So АТСC S1 b 18 -P1=MR1 14.2 14 Po=MRo 9.6 Do Q...
Industry Firm МС P So АТСC S1 b 18 -P1=MR1 14.2 14 Po=MRo 9.6 Do Q 10 20 24 800 900 1,000 Answer the following questions based off of the graphs above, which depict a perfectly competitive industry and firm: If the industry or market is in equilibrium at point C, where will the firm choose to operate and what are the economic profits (losses) at that point? Why did the economic profits (losses) change compared to when the market...
Use the graph to answer four questions. Typical Computer Firm Price or Cost (dollars per computer) $1,400 $1,300 $1,200 $1,100 $1,000 $900 $800 $700 $600 $500 $400 (600, 400) $300 $200 0 100 200 300 400 500 600 700 800 900 1,000 Quantity (computers per month) If the market price for computers is $500, Instructions: Enter your responses as a whole number. If you are entering any negative numbers be sure to include a negative sign (-) in front of...
1) The table below represents the costs for a computer company for a week (sorry, they're not very realistic). Quantity Fixed Costs Variable Total Costs Average Average Marginal Costs Total Cost Variable Cost Costs $1000 $600 $1000 $1100 $1000 $1500 $1000 $1800 $1000 $2200 $1000 $2700 $1000 $3400 $1000 $4500 a. Complete the missing information in the table. b. At what price would the company shut-down in the short run? C. Suppose this economy is operating in a perfectly competitive...
5.* MBI and Pear are the only two producers of computers. MBI started producing earlier than Pear. MBI's costs of production are given by C1(/1) = y?. Pear's cost function is C2(y2) = The national demand for computers is y 106 - 105p (a) Calculate the Stackelberg equilibrium in which MBI is the leader in this market. Indicate output levels, market price, and the profits of each firm 5y2 (b) Suppose that both firms enter this market at the same...
Market Price 90 80 70 Total Market Output 600 800 1,000 1.200 1,400 1.600 1.800 60 50 40 30 (Table: Three-Country Oil Production) Suppose that three countries are engaged in oil production. For simplicity, assume zero costs so that revenue equals profit. If the countries create a cartel and agree to mimic monopoly-like behavior to maximize total profit, the level of output each firm would produce is type your answer... units. Now, suppose that country A breaks the agreement by...
The table below represents the costs for a computer company for a week (sorry, they're not very 1) realistic). Quantity Fixed Costs Variable Total Costs Average Average Marginal Costs Total Cost Variable Cost Costs $1000 $1000 $1000 $1000 $1000 $1000 $1000 $1000 1 $600 2 $1100 3 $1500 $1800 $2200 $2700 $3400 $4500 6 7 Complete the missing information in the table. a. b. At what price would the company shut-down in the short run? Suppose this economy is operating...
Suppose that in a perfectly competitive market, the market price is $10. A firm in that market has marginal cost of $10, average total cost of $12, and it is producing 100 units. The firm is earning 51.000 in total economic profits and is maximizing economic profits. earning $200 in total economic profits and is maximizing economic profits. incurring $200 in total economic losses and is minimizing economic losses earning zero total economic profits and is not maximizing economic profits
Finished part a, just need help
with part b
5. MBI and Pear are the only two producers of computers. MBI started producing earlier than Pear. MBI's costs of production are given by C1(/1) = y?. Pear's cost function is C2(y2) The national demand for computers is y = 106 - 105p (a) Calculate the Stackelberg equilibrium in which MBI is the leader in this market. Indicate output levels, market price, and the profits of each firm 5y2 == (b)...
Industry Firm МС P So АТСC S1 b 18 -P1=MR1 14.2 14 Po=MRo 9.6 Do Q 10 20 24 800 900 1,000 Answer the following questions based off of the graphs above, which depict a perfectly competitive industry and firm: If the industry or market is in equilibrium at point C, where will the firm choose to operate and what are the economic profits (losses) at that point? Why did the economic profits (losses) change compared to when the market...
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