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![FC=20 » FC for same INC all a 20 T 35 200 120 60 MC= AVC - AQ 60-35 200-100 = 10-25] (a) is correct. Q FC TOUC MC S00 T20 I 2](http://img.homeworklib.com/questions/ad206df0-0868-11ea-afb2-5b64dceef82d.png?x-oss-process=image/resize,w_560)
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Question 20 FC ($) VC (5) MC (5) Quantity of flowers 100 200 300 400 500 600 60 90 10.4 180 10.7 17. What is the mar...
Question 1 (1 point) Quantity of Eyeglasses 100 200 300 400 500 Total Revenue $10,000 $20,000...
Question 1 (1 point) Quantity of Eyeglasses 100 200 300 400 500 Total Revenue $10,000 $20,000 $30,000 $40,000 $50,000 Total Cost $8,000 $12,000 $25,000 $39,000 $60,000 The chart above shows the total revenue and total cost for producing different quantities of eyeglasses for a certain eyeglass manufacturer. Assume the market for eyeglasses is perfectly competitive. Also assume the manufacturer can only produce at the quantities given in the table. How many eyeglasses does the manufacturer produce? 500 200 400 300
Variable Cost (dollars) $0 Quantity O 100 200 300 400 500 600 Total Cost (dollars) $1,000 1,360 1,560 1,960 2,760 4,000...
Variable Cost (dollars) $0 Quantity O 100 200 300 400 500 600 Total Cost (dollars) $1,000 1,360 1,560 1,960 2,760 4,000 5,800 360 560 960 1,760 3.000 4.800 Table 10.1 shows the short-run cost data of a perfectly competitive firm that produces plastic camera cases. Assume that output can only be increased in batches of 100 units. Refer to Table 10.1. If the market price of each camera case is $8, what is the profit- maximizing quantity?
QUESTION 18 $500 T 400 300 C+ 200 100 $100 200 300 400500 Real GDP Refer...
QUESTION 18 $500 T 400 300 C+ 200 100 $100 200 300 400500 Real GDP Refer to the diagram for a private closed economy. At the equilibrium level of GDP, the APC and APS are 5/6 and 1/6, respectively. are 4/5 and 1/5, respectively. are equal to the MPC and MPS, respectively. cannot be determined from the information given.
#1 1. A firm has the following demand and total cost schedule. TR Profit MR MC O 0 10 20 30 40 50 60 P 100 90 80 70...
#1
1. A firm has the following demand and total cost schedule. TR Profit MR MC O 0 10 20 30 40 50 60 P 100 90 80 70 60 50 40 TC 200 400 600 800 800 1,000 1.200 1.400 a) Is the firm a price-taker or price searcher? Explain. b) Complete the Total Revenue (TR) and Profit schedules. c) How many units of output (Q) should the firm produce to maximize profits? d) What price (P) should the...
Q FC VC TC AFC AVC ATC MC 0 15 000 0 15 000 - -...
Q FC VC TC AFC AVC ATC MC 0 15 000 0 15 000 - - - - 100 15 000 15 000 30 000 150 150 300 15 000 200 15 000 25 000 40 000 75 125 200 10 000 300 15 000 37 500 52 500 50 125 175 12 500 400 15 000 75 000 90 000 375 187.5 225 37 500 500 15 000 147 500 162 500 30 295 325 72500 600 15 000...
mcrang on curvenb producing 100 nts C D 100 200 300 400 500 Output under-utilizes its...
mcrang on curvenb producing 100 nts C D 100 200 300 400 500 Output under-utilizes its capacity over-utilizes its capacity utilize its capacity efficiently. None of the above.
firm operating along curve C would be C D 100 200 300 400 500 Output the...
firm operating along curve C would be C D 100 200 300 400 500 Output the most efficient size of firm. the least efficient size of firm. O experiencing economies of scale. Oexperiencing diseconomies of scale
Price (per gallon) 2.50 0 100 200 300 400 500 600 Quantity of gasoline (per month)...
Price (per gallon) 2.50 0 100 200 300 400 500 600 Quantity of gasoline (per month) Reference: Ref 3-4 Figure. Demand and Supply of Gasoline (Figure: Demand and Supply of Gasoline) Use Figure: Demand and Supply of Gasoline. A factor that may have changed supply from 5 to S2 is: Select one: O a. increased demand. O b. lower labor productivity in gasoline production. O c. increased prices of substitutes in production for gasoline. O d. better technology in the...
Help with #3-5 please! Total Cost Total $1,400 Revenue 1,200 1,000 800 600 400 200 0...
Help with #3-5 please!
Total Cost Total $1,400 Revenue 1,200 1,000 800 600 400 200 0 100 320 440 Output 3. Refer to the above short-run data. The profit-maximizing output for this firm is: A. Above 440 units. B 440 units. C. 320 units. D. 100 units. 4. Refer to the above short-run data. Which of the following is correct? A. Any level of output between 100 and 440 units will yield an economic profit. B. Any level of output...
D Question 14 1 pts Figure 3.2 Price $40 30 20 10 100 200 300 400...
D Question 14 1 pts Figure 3.2 Price $40 30 20 10 100 200 300 400 500 600 700 800 Quantity According to the graph, at the equilibrium price O 400 units would be supplied and demanded. 600 units would be supplied, but only 200 would be demanded. O 200 units would be supplied and demanded. O 600 units would be supplied and demanded.
Question 1 (1 point) Quantity of Eyeglasses 100 200 300 400 500 Total Revenue $10,000 $20,000 $30,000 $40,000 $50,000 Total Cost $8,000 $12,000 $25,000 $39,000 $60,000 The chart above shows the total revenue and total cost for producing different quantities of eyeglasses for a certain eyeglass manufacturer. Assume the market for eyeglasses is perfectly competitive. Also assume the manufacturer can only produce at the quantities given in the table. How many eyeglasses does the manufacturer produce? 500 200 400 300
Variable Cost (dollars) $0 Quantity O 100 200 300 400 500 600 Total Cost (dollars) $1,000 1,360 1,560 1,960 2,760 4,000 5,800 360 560 960 1,760 3.000 4.800 Table 10.1 shows the short-run cost data of a perfectly competitive firm that produces plastic camera cases. Assume that output can only be increased in batches of 100 units. Refer to Table 10.1. If the market price of each camera case is $8, what is the profit- maximizing quantity?
QUESTION 18 $500 T 400 300 C+ 200 100 $100 200 300 400500 Real GDP Refer to the diagram for a private closed economy. At the equilibrium level of GDP, the APC and APS are 5/6 and 1/6, respectively. are 4/5 and 1/5, respectively. are equal to the MPC and MPS, respectively. cannot be determined from the information given.
#1
1. A firm has the following demand and total cost schedule. TR Profit MR MC O 0 10 20 30 40 50 60 P 100 90 80 70 60 50 40 TC 200 400 600 800 800 1,000 1.200 1.400 a) Is the firm a price-taker or price searcher? Explain. b) Complete the Total Revenue (TR) and Profit schedules. c) How many units of output (Q) should the firm produce to maximize profits? d) What price (P) should the...
mcrang on curvenb producing 100 nts C D 100 200 300 400 500 Output under-utilizes its capacity over-utilizes its capacity utilize its capacity efficiently. None of the above.
firm operating along curve C would be C D 100 200 300 400 500 Output the most efficient size of firm. the least efficient size of firm. O experiencing economies of scale. Oexperiencing diseconomies of scale
Price (per gallon) 2.50 0 100 200 300 400 500 600 Quantity of gasoline (per month) Reference: Ref 3-4 Figure. Demand and Supply of Gasoline (Figure: Demand and Supply of Gasoline) Use Figure: Demand and Supply of Gasoline. A factor that may have changed supply from 5 to S2 is: Select one: O a. increased demand. O b. lower labor productivity in gasoline production. O c. increased prices of substitutes in production for gasoline. O d. better technology in the...
Help with #3-5 please!
Total Cost Total $1,400 Revenue 1,200 1,000 800 600 400 200 0 100 320 440 Output 3. Refer to the above short-run data. The profit-maximizing output for this firm is: A. Above 440 units. B 440 units. C. 320 units. D. 100 units. 4. Refer to the above short-run data. Which of the following is correct? A. Any level of output between 100 and 440 units will yield an economic profit. B. Any level of output...
D Question 14 1 pts Figure 3.2 Price $40 30 20 10 100 200 300 400 500 600 700 800 Quantity According to the graph, at the equilibrium price O 400 units would be supplied and demanded. 600 units would be supplied, but only 200 would be demanded. O 200 units would be supplied and demanded. O 600 units would be supplied and demanded.
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