NOTE: Don't just write answers. You should briefly show how to get your results. PART I....
suppose a competitive firm has the following cost: Q 0 1 2 3 4 5 6 7 8 9 TC ($) 50 54 62 74 90 110 134 162 194 230 (Q: output ; TC: total cost) 1 Assume market price is $12 how much should the firm produce to maximize profit? 2 How much profit will it earn at $12? 3 Assume market price is $28, how much should the firm produce to maximize profit? 4 How much profit...
suppose a competitive firm has the following cost: Q 0 1 2 3 4 5 6 7 8 9 TC ($) 50 54 62 74 90 110 134 162 194 230 (Q: output ; TC: total cost) 1 Assume market price is $12 how much should the firm produce to maximize profit? 2 How much profit will it earn at $12? 3 Assume market price is $28, how much should the firm produce to maximize profit? 4 How much profit...
This cost table is related to a competitive firm. TFC TVC Q 0 AVC NA ATC NA MC NA 1 2 3 4 TC 30 50 66 80 90 100 114 131.2 150 190 5 6 7 8 9 OTSHANE Using the table above, answer the following questions. 6. Complete the table above. (1 point) 7. Plot ATC, AVC, and MC in one diagram. (1 point) 8. What is the shutdown price? (1 point) 9. At a price of $18.8....
1) How much output should
Sindbad produce to maximize his profit, if the market price is
equal
to $11? (2 marks)
2) How much profit (loss) will he earn? (2 marks)
3) Indicate the profit (loss) area on the graph. (2 marks)
4) Find the fixed cost paid by the firm. (2 marks)
5) Suppose Sindbad decides to shut down. What would his loss be? (2
marks)
The following graph represents the situation of Sindbad's caps, a firm selling caps...
Redraw the diagram describing a competitive firm, and answer the questions below. Price TOT SHARE 0 11. After labeling each curve, lect/mark how much the profit-maximizing firm should produce. (1 point) 12. Identify/draw the area showing total profit at the level of output selected in #11 (1 point) 13. In the long run, if the firms stays in the market, it will produce (more, less) as price (decreases, increases), and the economic profit eventually becomes (positive, zero, negative). Circle the...
suppose a competitive firm has the following cost: PART 2 This cost table is related to a competitive firm. Q. TFC TVC TC AVC ATC MC 0 30 NA NA NA 1 50 2 66 3 80 4 90 5 100 6 114 7 131.2 8 150 9 190 Using this table above, answer the following questions. 6 Complete the table above. 7 Plot ATC, AVC, and MC in one diagram. 8 What is the shutdown price? 9...
please explain in details and please show how u did it
.thank u
Part III. (3 points) Redraw the diagram describing a competitive firm, and answer the questions below. think Price 0 11. After labeling each curve, select/mark how much the profit-maximizing firm should produce. (1 point) 12. Identify/draw the area showing total profit at the level of output selected in #11 (1 point) JOT SHARE 13. In the long run, if the firms stays in the market, it will...
suppose a competitive firm has the following cost: Q 0 1 2 3 4 5 6 7 8 9 TC ($) 50 54 62 74 90 110 134 162 194 230 (Q: output ; TC: total cost) This cost table is related to a competitive firm. Q TC 0 30 1 50 2 66 3 80 4 90 5 100 6 114 7 131.2 8 150 9 190 NOTE: FIND TFC, TVC ,AVC, ATC, MC Using this table above, answer...
Hello please help thank you
Part A "he graph in the accompanying figure shows the magnitude of the force exerted by a given spring as a unction of the distance x the spring is stretched. Figure 1) How much work is needed to stretch this spring a distance of 4.0 cm, starting with it unstretched. Express your answer in Joules to two significant figures. Figure 1 of 1 | ΑΣφ ? 350 TTT W - 3.00 J 300 250 200...
1. Complete the table 2 . Plot ATC, AVC, and MC in one diagram. 3 . What is the shutdown price? 4. At a price of $18.8 how much should the firm produce to maximize profit? 5. At a price of $18.8 calculate its profit. please show me how you got the result not only the answer. thank you Q TFC TVC TC AVC ATC MC 0 30 NA NA NA 1 50 2 66 3 80 4 90 5...