11.0010.009.008.007.006.005:004.005.002.001.00Dem90,000 100.000 110.000 120.000 130,000 140,000 150,000 150.000What is the profit per firm at the short run equilibrium price?Ⓒa. zerob. 75004500Ⓒd. 9000 QUESTION 29The pictures below depict the cost curves for firms in a particular industry and the market demand curve. There are initially 60 firms in the market.11.0010.001:008B1007008.005.004.003002.0081.0011.0010003:008.00300 100900ATCAVC1200 1500 1000 2100 2400

In a perfectly competitive market, the portion of MC above AVC is an individual firm supply curve.…

10 00 9.00 8.00 7.00 8.00 5.00 4.00 5.00 2.00 100 Dement 90,000 100.000 110.000 120.000 130,000 140,000 150,000 160,000 What is the profit per firm at the short run equilibrium price? a zero b. 7500 4500 Ⓒd. 9000

10 00 9.00 8.00 7.00 8.00 5.00 4.00 5.00 2.00 100 Dement 90,000 100.000 110.000 120.000 130,000 140,000 150,000 160,000 What is the profit per firm at the short run equilibrium price? a zero b. 7500 4500 Ⓒd. 9000

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

11.00
10.00
9.00
8.00
7.00
6.00
5:00
4.00
5.00
2.00
1.00
Dem
90,000 100.000 110.000 120.000 130,000 140,000 150,000 150.000
What is the profit per firm at the short run equilibrium price?
Ⓒa. zero
b. 7500
4500
Ⓒd. 9000

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