Question

In the graph below, what quantity results in productive efficiency?

ATC MC 25 20 16 40 90 MR

A. 40

B. 70

C. 90

D. None of the above

0 0
Add a comment Improve this question Transcribed image text
Answer #1

Answer

Option C

90 units

A productive efficiency means producing at the point where the per unit cost is minimum and it is at MC=ATC

the output is 90 units

Add a comment
Know the answer?
Add Answer to:
In the graph below, what quantity results in productive efficiency? A. 40 B. 70 C. 90...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • a) b) c) The graph below depicts an industry that has been monopolized. 120 110 S...

    a) b) c) The graph below depicts an industry that has been monopolized. 120 110 S 100 90 80 PRICE ($) 70 60 50 — 40 30 20 D MR 1 1 - - - 20 30 50 60 70 40 OUTPUT If this market is in equilibrium, the price = and output = Is there any deadweight loss? (yes or no) If a monopoly raised the price to $80, the approximate output be . At this new price, would...

  • Refer to the graph below: Untitled.png a. What is the profit-maximizing quantity and what price will...

    Refer to the graph below: Untitled.png a. What is the profit-maximizing quantity and what price will the monopolist charge? a. What is the total revenue at the profit-maximizing output level? b. What is the total cost at the profit-maximizing output level? c. What is the profit? d. What is the profit per unit (average profit) at the profit-maximizing output level? e. If this industry was organized as a perfectly competitive industry, what would be the profit- maximizing price and quantity?...

  • 2. Use the graph below to figure out if the following price searching firm is profitable,...

    2. Use the graph below to figure out if the following price searching firm is profitable, at zero economic profit, or losing money. Label the firm's demand, MC, ATC, and MR curves. Calculate the quantity of the profit or loss, and indicate what the equilibrium price and quantity is. 30 40 50 60 70 80 90 100Q

  • Perfect competition results in productive efficiency and allocative efficiency, while monopolistic competition results in ________. a....

    Perfect competition results in productive efficiency and allocative efficiency, while monopolistic competition results in ________. a. both allocative and productive efficiency b. allocative efficiency, but not productive efficiency c. productive efficiency, but not allocative efficiency d. neither allocative nor productive efficiency

  • Graph Worksheet 01 02 03 1. What is the price and quantity at the optimum level...

    Graph Worksheet 01 02 03 1. What is the price and quantity at the optimum level of production? Is this an economic profit, loss, or break-even? Should the firm produce? 2. If the industry model is monopolistic competition, what will happen to the industry? What will happen to the demand and marginal revenue curves for the individual firm? In the long run, where will the demand curve be? Will the firm achieve productive and/or allocative efficiency? 3. If the industry...

  • On the graph below depict the profit maximizing price and quantity for the MONOPOLISTICALLY COMPETITIVE firm...

    On the graph below depict the profit maximizing price and quantity for the MONOPOLISTICALLY COMPETITIVE firm such that others are motivated to enter the industry. In your graph, you should include the following curves: D,AR,MR,ATC,S and MC.

  • Graph Worksheet MC DI MR P4 ATC P3 P2 AVC PI 02 1. What is the...

    Graph Worksheet MC DI MR P4 ATC P3 P2 AVC PI 02 1. What is the price and quantity at the optimum level of production? Is this an economic profit, loss, or break-even? Should the firm produce? 2. If the industry model is monopolistic competition, what will happen to the industry? What will happen to the demand and marginal revenue curves for the individual firm? In the long run where will the demand curve be? Will the firm achieve productive...

  • Question 4 Figure 2-16 120 110+ A 100 C 90 D 80 70 60 50 40...

    Question 4 Figure 2-16 120 110+ A 100 C 90 D 80 70 60 50 40 30 20 10 10 20 30 40 60 60 70 80 90 100 Widgets Refer to Figure 2-16. The opportunity cost of obtaining approximately 20 additional gadgets by moving from point B to point C is O 0 widgets. 10 widgets. 20 widgets none of the above; the economy cannot move from pointB to point C.

  • Use the cost and revenue data to answer the questions. Quantity 15 Price 90 80 70...

    Use the cost and revenue data to answer the questions. Quantity 15 Price 90 80 70 30 Total revenue 1350 2400 3150 3600 3750 3600 Total cost 900 1500 2250 45 60 3150 Ls 75 60 50 40 4200 90 5400 If the firm is a monopoly, what is marginal revenue when quantity is 302 MR = $ Use the cost and revenue data to answer the questions. Price Quantity 10 Total revenue 900 Total cost 90 675 15 80...

  • 50 A MC The accompanying graph depicts average total cost (ATC), marginal cost (MC), marginal revenue...

    50 A MC The accompanying graph depicts average total cost (ATC), marginal cost (MC), marginal revenue (M), and demand (D) facing a monopolistically competitive firm. Place point A at the firm's profit maximizing price and quantity. What is the firm's total cost? 45 40 35 30 ATC Price and Cost ($) 25 total cost: $ 20 D 15 10 What is the firm's total revenue? 5 MR 0 total revenue: $ 0 5 10 15 20 25 30 35 40...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT