Refer to the picture below. This firm will earn a maximum economic profit of zero if the price is
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$4 |
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$7 |
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$13 |
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Refer to the picture below. This firm will earn a maximum economic profit of zero if the...
8. Refer to the graph above depicting a perfectly competitive firm. When maximizing profit, the total profit earned by the firm represented is: A. $220. B. $275. C. $330 D. $605, 26. Refer to the graph above of a monopolistically competitive firm. If the firm maximizes profit, it will earn: A. zero economic profit this year. B. $320,000 economic profit this year. C. 584,000 economic profit this year. D. $56,000 economic profit this year. ATC AVC - 01 02 03...
Generally speaking, a perfectly competitive firm: will always be expected to earn economic profit in the long run due to entry. may earn an econmic profit or loss in the long run. will always earn a profit in the short run. is expected to earn zero economic profit in the long run due to entry. SUS
Refer to the figure above. In the $6-$7 price range, the firm
will
Group of answer choices
a)shut down.
b)earn a profit
c)break even
d)continue to operate, but at a loss
b. A representative firm a. The industry МС ATC S AVC 9 7 6 5 D2 DI 10 12 13 15 0 0 Bushels of wheat Bushels of wheat Price per bushel ($) We were unable to transcribe this image
Over the next three years, a firm is expected to earn economic profit of $200,000 in the first year, $300,000 in the second year, and $250,000 in the third year. After the end of the third year, the firm goes out of business. If the risk-adjusted discount rate is 9 percent for each of the next three years, The firm can be sold today for a price of $______________. the value of the firm is $______________.
7) If a firm is making zero economic profit, will it remain in business? Explain. (5 points)
1. Zero economic profit means that The firm breaks down The firm makes just normal profits The firm must close down The firm must raise the price of the commodity All of the above 2. Normal Profit is: The opportunity cost of capital committed in a certain line of business The profit any firm makes in the market The minimum capital return required in order to stay in a certain type of business (a) and (c) All of the above...
Refer to the diagram for a purely competitive producer. The firm will produce with an economic profit at all prices Multiple Choice above pas < Prev 6 of 25 ! Next > Refer to the diagram for a purely competitive producer. The firm will produce with an economic profit at all price Multiple Choice ο above P3 ο above A ο below P2 ο between and < Prev 6 of 25 !! Next >
If a firm is earning zero economic profit, then its accounting profit will: decrease in the long run. be positive. be negative. increase in the long run.
AR Refer to Figure 14-3 from question 31. If the market price is $10, what is the firm's short-run economic profit? a. $9 b. $15 c. $30 d. $50 34. Figure 14-6 the MC ,ATC AVC Q1 02 03 Qanty 04 Refer to Figure 14-6. Firms will be earn losses in the short run but will remain in business if the market price a. Exceeds P2 b. Is greater than P1 but less than P3. c. Exceeds P3, d. Is...
QUESTION 7 Monopolistic competitive firms in the long run earn: positive economic profits. zero pure economic profits. negative economic profits. Positive, zero, or negative economic profits. QUESTION 8 Which of the following statements best describes firms under monopolistic competition? Profits will be positive in the long run. Price always equals average variable cost. In the long run, positive economic profit will be eliminated. Marginal revenue equals minimum average total cost in the short run. QUESTION 9 Which of the following...