Homework Answers
Answer
the firm produces at P=MC
the MC is upward sloping and it will cut the ATC at its minimum the minimum ATC is $10 and it slopes upward so the ATC when P=MC is above $10 and the P=$15
per unit profit =P-ATC=15-10
=$5 approximately
=between $4 to $5
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How to get that answer? Asked this question here before but was not given right answer....
How to get that answer? Asked this question here before but
was not given right answer.
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Microeconomic question
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Please explain
The average total cost curve for a perfectly competitive firm Suppose the marginal cost curves upward sloping and the femismazing is total profitta market price of $15. The firm's per un profit • 10 20 30 40 50 60 70 80 Multiple Choice positive amountless than 55 pouve amount more than 200
At the profit-maximizing output, total fixed cost MC MR ATC b AVC hkn Output Multiple Choice is fgab. is Ogan. is ba Dollars Saved If a perfectly competitive firm is producing at the P MC output and realizing an economic profit, at that output Multiple Choice marginal revenue is less than price. marginal revenue exceeds ATC. ATC is being minimized. total revenue equals total cost. The average total cost curve for a perfectly competitive firm. Suppose the marginal cost curve...
How to get that answer? Asked this question here before but
was not given right answer.
The average total cost curve for a perfectly competitive firm. Suppose the marginal cost curve is upward sloping and this firm is maximizing its total profit at a market price of $15. The firm's per unit profit is: $20 ATC i 20 0 į 30 10 40 50 60 70 80 Multiple Choice o $5. O S200. ( a positive amount less than $5....
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Microeconomic question
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