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.
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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
Homework Answers
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19) The above figure shows the cost curves for a competitive
firm. If the price is...
The above figure shows the cost curves for a competitive firm. If the price is _______,...
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...
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.
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
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 ...
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)
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.
8. Refer to the graph above depicting a perfectly competitive firm. When maximizing profit, the total...
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...
The following graph shows the daily cost curves of a firm operating in a perfectly competitive...
The following graph shows the daily cost curves of a firm operating in a perfectly competitive market. Suppose the market price for the good is $80 per unit Use the blue rectangle (circle symbols) to shade the area representing the firm's profit or loss at the market price of $80 per unit if the firm chooses to produce the profit-maximizing quantity of output Profit or Loss PRICE AND COST (Dollars) QUANTITY (Thousands of units) At the market price of $80...
The figure shows the demand and cost curves for a monopolistically competitive firm in the long...
The figure shows the demand and cost curves for a monopolistically competitive firm in the long run. The maximum economic profit this firm can earn equal equals O A. $160. B. $80. OC. $0. OD. $120. MC ATC Price and costs (dollars per unit) MR 4 8 12 16 20 24 Quantity (units per day)
Consider the graph below. Suppose that a firm in a competitive market has the cost curves...
Consider the graph below. Suppose that a firm in a competitive market has the cost curves shown in the graph. If the market price falls below $4.50, the firm will earn zero economic profits in the short run and shut down. positive economic profits in the short run. zero economic profits in the short run run but remain in business. negative economic profits in the short run but remain in business. negative economic profits in the short run and shut...
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...
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.
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
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.
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...
The following graph shows the daily cost curves of a firm operating in a perfectly competitive market. Suppose the market price for the good is $80 per unit Use the blue rectangle (circle symbols) to shade the area representing the firm's profit or loss at the market price of $80 per unit if the firm chooses to produce the profit-maximizing quantity of output Profit or Loss PRICE AND COST (Dollars) QUANTITY (Thousands of units) At the market price of $80...
The figure shows the demand and cost curves for a monopolistically competitive firm in the long run. The maximum economic profit this firm can earn equal equals O A. $160. B. $80. OC. $0. OD. $120. MC ATC Price and costs (dollars per unit) MR 4 8 12 16 20 24 Quantity (units per day)
Consider the graph below. Suppose that a firm in a competitive market has the cost curves shown in the graph. If the market price falls below $4.50, the firm will earn zero economic profits in the short run and shut down. positive economic profits in the short run. zero economic profits in the short run run but remain in business. negative economic profits in the short run but remain in business. negative economic profits in the short run and shut...
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