Question

Cost ATC AVC P GON Demand MR 88 80 4 72 6 8 10 14 16 18 20 22 24 26 28 30 32 34 36 38 40 00 18.84 17.78 16.78 15.84 15.00 14.24 13.58 12.90 12.44 12.00 11.64 11.38 11.16 11.04 11.00 11.04 11.16 11.38 11.84 12.00 12.44 12.98 MC 20.00 17.72 15.68 13.88 12.32 11.00 9.92 9.08 8.48 8.12 8.00 8.12 8.48 9.08 9.92 11.00 12.32 13.88 15.68 17.72 20.00 22.52 25.28 96.59 58.64 42.68 35.28 30.55 27.20 24.67 22.88 21.08 19.78 18.71 17.84 17.14 16.59 16.18 15.90 15.73 15.68 15.73 15.89 16.14 18.49 OCO BONG888 888888 42

Answer 1

Parte The Firm will produce till Price = Marginal cost. The Marginal cost Willrise after Price is equal to marginal cost. At this situation the economic profit In the economy will rise.. price MC MR=P=AR Go units. 6 M C = Price=20. They are hoth 3 equal at 40 units. So they I both are equal will produce - 40 units of output to the to maximize their profits. CS Camscan