The above figure shows the cost curves for a competitive firm. If the price is
_______, then this firm will _______, and it ______ shut down in the short run.
A) less than $10; incur economic loss; will not.
B) greater than $10; earn economic profit; will not.
C) less than $10; incur economic loss; may or may not.
D) B and C only
E) A and B only
I got answer of D and E from different experts. I want to know the correct answer and please explain in details. I repost this question. Please answer carefully and reliably. Thanks.
Homework Answers
Add Answer to:
The above figure shows the cost curves for a competitive firm.
If the price is
_______,...
19) The above figure shows the cost curves for a competitive firm. If the price is...
19) The above figure shows the cost curves for a competitive
firm. If the price is _______, then this firm will _______, and it
______ shut down in the short run.
A) less than $10; incur economic loss; will not.
B) greater than $10; earn economic profit; will not.
C) less than $10; incur economic loss; may or may not.
D) B and C only
E) A and B only
$1q] MC 15 AC 11 10 AVC 40
The figure at right shows the cost curves for a competitive firm. The firm will shut...
The figure at right shows the cost curves for a competitive firm. The firm will shut down in the short run if price falls below /мс 15 O A. $15. O B. $11. O C. $10. O D. $5. AC „AVC 11 10 Price
The following graph shows the demand and cost curves for a perfectly competitive firm. The profit-maximizing...
The following graph shows the demand and cost curves for a perfectly competitive firm. The profit-maximizing firm will: MC ATC // AVC Multiple Choice shut down. ο produce with short-run losses. O produce with long-run economic profits. ο produce with short-run economic profits.
Figure 14-6 Suppose a firm operating in a competitive market has the following cost curves: Price...
Figure 14-6 Suppose a firm operating in a competitive market has the following cost curves: Price MC ATC AVC PS P4 P3 B1 Q1 02 Q3 04 Paarip Refer to Figure 14-6. Firms will shut down in the short run if the market price a. exceeds P3. b. is less than P1. c. is greater than P1 but less than P3. O d. exceeds P2. சிவவடானே 59 30 ...
Figure 14-2 Suppose a firm operating in a competitive market has the following cost curves 1...
Figure 14-2 Suppose a firm operating in a competitive market has the following cost curves 1 Price MC ATC AVC Pd+--/.. Refer to Figure 14-2. If the market price is Pa, in the short run the firm will eam A.zero economic profits, B. negative economic profits and will shut down. C. negative economic profits but will try to remain open. Dpositive economic profits.
Exhibit 8-16 Short-run cost curves for a competitive firm In Exhibit 8-16, if the market price...
Exhibit 8-16 Short-run cost curves for a competitive firm In Exhibit 8-16, if the market price of its product is $50 per unit, then the firm will: Group of answer choices A. have a loss B. shut down. C. exit the industry. D. earn a zero economic profit. -мс. 100 90 80 Cost 70 АТС per unit 60 50 -AVC- (dollars) 40 30 20 10 3 4 5 6 7 8 0 1 2 Quantity of output (units per hour)
MC Price and Cost ATC 11 11 11 ONI In the above figure, if price is...
MC Price and Cost ATC 11 11 11 ONI In the above figure, if price is equal to P 4, the firm will o earn positive economic profits. o incur an economic loss. o shut down. o earn zero economic profits.
3. The following graph shows the cost and revenue curves for a firm in a perfectly...
3. The following graph shows the cost and revenue curves for a firm in a perfectly competitive market. 90 80 D=MR 70 60 ATC Price and cost ($) 50 AVC 40 30 MC 20 10 0 10 20 30 40 50 60 70 80 90 a) Assume that new firms enter this market and that drives the price down to $35 per unit. Will the firm continue to produce or shut down? Explain your answer.
please include diagrams!! Problem 2. Consider a firm producing in a perfectly competitive market. Represent each...
please include diagrams!!
Problem 2. Consider a firm producing in a perfectly competitive market. Represent each of the following situations diagramatically. In each case determine if the firm is producing at the profit maximising level. If it is producing optimally, determine the firm's profit or loss, and in the latter case, if it should shut down. If it isn't producing optimally, should it increase or decrease output? 2, P = $20, Q-12, MC = $20. AC = $22. AVC =...
Use the following to answer questions 11-13: Figure: Interpreting Short-Run Cost Curves ATC 1.2 AVC 1.0...
Use the following to answer questions 11-13: Figure: Interpreting Short-Run Cost Curves ATC 1.2 AVC 1.0 MC 0.8 0.6 0.4 0.2 0 0.2 0.4 0.6 0.8 1.0 1.2 Output 11. (Figure: Interpreting Short-Run Cost Curves) Using information from the figure equals $0.40, the firm should: A) stay open because it is making an economic profit B) stay open in the short run because it is operating at an economic loss C) stay open because it is making a normal profit....
19) The above figure shows the cost curves for a competitive
firm. If the price is _______, then this firm will _______, and it
______ shut down in the short run.
A) less than $10; incur economic loss; will not.
B) greater than $10; earn economic profit; will not.
C) less than $10; incur economic loss; may or may not.
D) B and C only
E) A and B only
$1q] MC 15 AC 11 10 AVC 40
The figure at right shows the cost curves for a competitive firm. The firm will shut down in the short run if price falls below /мс 15 O A. $15. O B. $11. O C. $10. O D. $5. AC „AVC 11 10 Price
The following graph shows the demand and cost curves for a perfectly competitive firm. The profit-maximizing firm will: MC ATC // AVC Multiple Choice shut down. ο produce with short-run losses. O produce with long-run economic profits. ο produce with short-run economic profits.
Figure 14-6 Suppose a firm operating in a competitive market has the following cost curves: Price MC ATC AVC PS P4 P3 B1 Q1 02 Q3 04 Paarip Refer to Figure 14-6. Firms will shut down in the short run if the market price a. exceeds P3. b. is less than P1. c. is greater than P1 but less than P3. O d. exceeds P2. சிவவடானே 59 30 ...
Figure 14-2 Suppose a firm operating in a competitive market has the following cost curves 1 Price MC ATC AVC Pd+--/.. Refer to Figure 14-2. If the market price is Pa, in the short run the firm will eam A.zero economic profits, B. negative economic profits and will shut down. C. negative economic profits but will try to remain open. Dpositive economic profits.
MC Price and Cost ATC 11 11 11 ONI In the above figure, if price is equal to P 4, the firm will o earn positive economic profits. o incur an economic loss. o shut down. o earn zero economic profits.
3. The following graph shows the cost and revenue curves for a firm in a perfectly competitive market. 90 80 D=MR 70 60 ATC Price and cost ($) 50 AVC 40 30 MC 20 10 0 10 20 30 40 50 60 70 80 90 a) Assume that new firms enter this market and that drives the price down to $35 per unit. Will the firm continue to produce or shut down? Explain your answer.
please include diagrams!!
Problem 2. Consider a firm producing in a perfectly competitive market. Represent each of the following situations diagramatically. In each case determine if the firm is producing at the profit maximising level. If it is producing optimally, determine the firm's profit or loss, and in the latter case, if it should shut down. If it isn't producing optimally, should it increase or decrease output? 2, P = $20, Q-12, MC = $20. AC = $22. AVC =...
Use the following to answer questions 11-13: Figure: Interpreting Short-Run Cost Curves ATC 1.2 AVC 1.0 MC 0.8 0.6 0.4 0.2 0 0.2 0.4 0.6 0.8 1.0 1.2 Output 11. (Figure: Interpreting Short-Run Cost Curves) Using information from the figure equals $0.40, the firm should: A) stay open because it is making an economic profit B) stay open in the short run because it is operating at an economic loss C) stay open because it is making a normal profit....
Most questions answered within 3 hours.
-
Write a recursive function moreFactors(a,b,fact) that does the
following:
1. Takes as an input 3 positive...
asked 3 minutes ago -
In 2005, Derrek Lee led the National Baseball League with a
0.335 batting average, meaning that...
asked 4 minutes ago -
In order for corporations to behave ethically, they must,
ultimately, give up the profit motive.
...
asked 4 minutes ago -
Blue Spruce Corp. owns equipment that cost $63,400 when
purchased on January 1, 2017. It has...
asked 24 minutes ago -
A lottery exists where balls numbered 1 to 17 are placed in an
urn. To win,...
asked 1 hour ago -
Please explain steps:
An 80 kg swimmer steps off a platform 10 m above the water...
asked 1 hour ago -
26) Briefly describe, using words or simple diagrams, the
chemiosmotic theory for coupling oxidation to phosphorylation...
asked 3 hours ago -
Suppose that XX is a random variable with mean 16 and standard
deviation 5 . Also...
asked 4 hours ago -
Calculate the number density of argon gas at a temperature of
24C and a pressure of...
asked 7 hours ago -
Alternative
Classification
How to Estimate
Probabilities from Data? ( For continuous Attributes)
And How to generate...
asked 7 hours ago -
An explosion breaks a 20.0-kg object into three parts. The
object is initially moving at a...
asked 8 hours ago -
Calculate the approximate number of residues of Rubisco, which
is involved in carbon fixation in plants,...
asked 9 hours ago