Homework Answers
Answer :At price P6 the firm is making economic profit because it is at this price where firm's Price is greater than ATC.
The firm is break-even at price P4 because at this price ,Price is equal to ATC.This is the point where profits of the firm is Zero.
At price P2 AND P1 the firm is suffering from economic loss because here the price is not even able to cover the firms AVC.Hence the firm will shut down ..
Add Answer to:
Use the graph to answer the questions below.
At what price is the firm making...
Use the graph to answer the questions that follow. a. At what prices is the firm...
Use the graph to answer the questions that follow.
a. At what prices is the firm making an economic profit, breaking even, and experiencing an economic loss?
b. At what prices would the firm shut down?
c. At what prices does the firm's short-run supply curve exist? At what prices does the firm's long-run supply curve exist?
cach ANSWER THE FOLLOWING 2 QUESTIONS BASED ON THE GRAPH FOR A PERFECTLY COMPETITIVE FIRM mC...
cach ANSWER THE FOLLOWING 2 QUESTIONS BASED ON THE GRAPH FOR A PERFECTLY COMPETITIVE FIRM mC ATC AVC H00 3 5 in thousan THE BREAK EVEN PRICE FOR THIS FIRM IS AND THE QUANTITY IF THE MARKET PRICE IS $600 PER THOUSAND BUSHEL, THE FIRM WILL PRODUCE AND EARN AN ECONOMIC PROFIT OF pts each USE THE FOLLOWING GRAPH FOR MUGS-R-US TO ANSWER THE NEXT 6 QUESTIONS ATC 4.5B 4.20 AVC 7D 88 /DD IF THE MARKET PRICE OF MUGS...
gure I represents a monopolistically competitive firm. Use the prepleto answer the following questions 2 Wha...
gure I represents a monopolistically competitive firm. Use the prepleto answer the following questions 2 Wha t will the form proce! 2. is this form in the short run or the long run? Why? " How much economic prott is this from matang? s comparathas fom to a perfect compettorin repedste price, output, and efficiency. Structures from Monopol Market Structures Project E Cutthroat Olgopoly F. Could be either B, C, D 2. The firm in figure 1 is Figure A...
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
number 4 and 5 ATC 01 02 03 4. Is this firm making an economic profit,...
number 4 and 5
ATC 01 02 03 4. Is this firm making an economic profit, loss, or break-even? Should the firm produce? 四四四 01 02 03 04 5. This graph represents a monopoly. What price and quantity would the firm choose without regulation? Would it make an economic profit, loss, or break-even? What price and quantity would represent a fair-return regulation?
Based on the graph below, notice there are cost lines and four different price levels. Answer...
Based on the graph below, notice there are cost lines and four different price levels. Answer the following A- D questions: MC P-MR-ID ATC AYC Quantity (A)Which point (a-g) on the graph is the profit-maximizing production level for a firm making positive economic profits? level? (B) Ifthis firm was in long-run equilibrium, which point would represent the profit-maximizing production (C) If the firm was incurring losses but would operate in the short run, which point would represent the loss- minimizing...
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...
I need help on the graph. Price and cost (dollars per burger) The graph shows the...
I need help on the graph.
Price and cost (dollars per burger) The graph shows the demand curve, marginal revenue curve, and cost curves of Bob's Best Burgers, a firm in monopolistic competition. 5.50 Draw an arrow at the profit-maximizing quantity to show the firm's markup. @ 8 ปี Because firms (of which Bob's is one) are_ _ the burger market. _, we would expect firms to O A. making an economic profit, enter O B. incurring an economic loss,...
3. Use the graph of a mmonopoly firm below to answer questtions a- 4 aso 545...
3. Use the graph of a mmonopoly firm below to answer questtions a- 4 aso 545 Isas MC ts3o is25 ATC s20 S15 iS10 ss Quantity 500 MR so 4b0 332 360 300 200 240 100 units of Q a) To maximize revenue firm A should produce b) What price can firm A charge if it produced 150 units of output? S c) Firm A's total revenue at 200 units of output is $ d) Firm A's total cost at...
sh for a perfectly competitive firm to answer questions through 10. 'se the graph for a...
sh for a perfectly competitive firm to answer questions through 10. 'se the graph for a Price (P) 10.00 MC 8.75 8.00 7.75 7.50 ATC 6.25 AVC 5.50 5.25 250 300 440 500 Quantity If price = $10, the profit-maximizing/loss-minimizing level of output is 1) total revenue is equal to 2) $_ total cost is equal to 3) $_ and the firm earns economic profit equal to 4) $__ If price = $7.50, the profit-maximizing/loss-minimizing level of output is 5)_...
Use the graph to answer the questions that follow.
a. At what prices is the firm making an economic profit, breaking even, and experiencing an economic loss?
b. At what prices would the firm shut down?
c. At what prices does the firm's short-run supply curve exist? At what prices does the firm's long-run supply curve exist?
cach ANSWER THE FOLLOWING 2 QUESTIONS BASED ON THE GRAPH FOR A PERFECTLY COMPETITIVE FIRM mC ATC AVC H00 3 5 in thousan THE BREAK EVEN PRICE FOR THIS FIRM IS AND THE QUANTITY IF THE MARKET PRICE IS $600 PER THOUSAND BUSHEL, THE FIRM WILL PRODUCE AND EARN AN ECONOMIC PROFIT OF pts each USE THE FOLLOWING GRAPH FOR MUGS-R-US TO ANSWER THE NEXT 6 QUESTIONS ATC 4.5B 4.20 AVC 7D 88 /DD IF THE MARKET PRICE OF MUGS...
gure I represents a monopolistically competitive firm. Use the prepleto answer the following questions 2 Wha t will the form proce! 2. is this form in the short run or the long run? Why? " How much economic prott is this from matang? s comparathas fom to a perfect compettorin repedste price, output, and efficiency. Structures from Monopol Market Structures Project E Cutthroat Olgopoly F. Could be either B, C, D 2. The firm in figure 1 is Figure A...
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
number 4 and 5
ATC 01 02 03 4. Is this firm making an economic profit, loss, or break-even? Should the firm produce? 四四四 01 02 03 04 5. This graph represents a monopoly. What price and quantity would the firm choose without regulation? Would it make an economic profit, loss, or break-even? What price and quantity would represent a fair-return regulation?
Based on the graph below, notice there are cost lines and four different price levels. Answer the following A- D questions: MC P-MR-ID ATC AYC Quantity (A)Which point (a-g) on the graph is the profit-maximizing production level for a firm making positive economic profits? level? (B) Ifthis firm was in long-run equilibrium, which point would represent the profit-maximizing production (C) If the firm was incurring losses but would operate in the short run, which point would represent the loss- minimizing...
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...
I need help on the graph.
Price and cost (dollars per burger) The graph shows the demand curve, marginal revenue curve, and cost curves of Bob's Best Burgers, a firm in monopolistic competition. 5.50 Draw an arrow at the profit-maximizing quantity to show the firm's markup. @ 8 ปี Because firms (of which Bob's is one) are_ _ the burger market. _, we would expect firms to O A. making an economic profit, enter O B. incurring an economic loss,...
3. Use the graph of a mmonopoly firm below to answer questtions a- 4 aso 545 Isas MC ts3o is25 ATC s20 S15 iS10 ss Quantity 500 MR so 4b0 332 360 300 200 240 100 units of Q a) To maximize revenue firm A should produce b) What price can firm A charge if it produced 150 units of output? S c) Firm A's total revenue at 200 units of output is $ d) Firm A's total cost at...
sh for a perfectly competitive firm to answer questions through 10. 'se the graph for a Price (P) 10.00 MC 8.75 8.00 7.75 7.50 ATC 6.25 AVC 5.50 5.25 250 300 440 500 Quantity If price = $10, the profit-maximizing/loss-minimizing level of output is 1) total revenue is equal to 2) $_ total cost is equal to 3) $_ and the firm earns economic profit equal to 4) $__ If price = $7.50, the profit-maximizing/loss-minimizing level of output is 5)_...
Most questions answered within 3 hours.
-
Foreman company obtained a $20,000, 6% loan on May 1, 2018.
Principal and interest will be...
asked 37 seconds ago -
5. Problem 11.05 (Discounted Payback)
eBook
Project L costs $60,000, its expected cash inflows are $14,000
per...
asked 28 minutes ago -
1. Which of the following is true about politics and health
organizations?
A. Health organizations are...
asked 53 minutes ago -
A space vehicle is coasting at a constant velocity of 18.1 m/s
in the +y direction...
asked 1 hour ago -
5) Use the following balanced equation to answer questions
(a)-(i).
3 Cu(s) + 8 HNO3(aq) →...
asked 1 hour ago -
A three-year maturity bond with a 12% annual coupon rate is
currently traded at par $1000...
asked 1 hour ago -
1.
What is the minimum volume to use in the Spec 20 cuvette in order
to...
asked 2 hours ago -
A builder wants to install wall-to-wall carpeting in a living
room of length 8.87 m and...
asked 2 hours ago -
Organizational change can produce anxiety in those affected by
the change. In what ways can change...
asked 2 hours ago -
Ozone in the atmosphere may react with nitric oxide.
From the following data, calculate the DG...
asked 2 hours ago -
Steven Long, a bond analyst, is analyzing a convertible bond.
The characteristics of the bond are...
asked 2 hours ago -
Michael Bordellet is
the owner/pilot of Stellar Air Service. The company flies a daily
round trip...
asked 2 hours ago