1009080Profit or Loss7060ATC20MCAVC10102030405060708090100QUANTITY (Thousands of watches per day)In the short run, at a market price of $45 per watch, this firm will choose to produce▼ watches per day.On the preceding graph, use the blue rectangle (circle symbols) to shade the area representing the firm's profit or loss if the market price is $45 andthe firm chooses to produce the quantity you already selected.Note: In the following question, enter a positive number, even if it represents a loss.The area of this rectangle indicates that the firm'swould be $thousand per day in the short run.PRICE (Dollars per watch) 4. Profit maximization in the cost-curve diagramSuppose that the market for sports watches is a competitive market. The following graph shows the daily cost curves of a firm operating in thismarket.Hint: After placing the rectangle on the graph, you can select an endpoint to see the coordinates of that point.(?)1009080Profit or Loss70605040ATC3020MCAVC10102030405060708090100QUANTITY (Thousands of watches per day)In the short run, at a market price of $45 per watch, this firm will choose to producewatches per day.On the preceding graph, use the blue rectangle (circle symbals) to shade the area representing the firm's profit or loss if the market price is $45 andPRICE (Dollars per watch)

In the short run at the market price $45/watch then the firm will choose to produce 45 unit of…

100 90 80 Profit or Loss 70 60 50 40 АТС 20 MC AVC 10 10 20 30 40 50 60 70 80 90 100 QUANTITY (Thousands of watches per day) In the short run, at a market price of $45 per watch, this firm will choose to produce ▼ watches per day. On the preceding graph, use the blue rectangle (circle symbols) to shade the area representing the firm's profit or loss if the market price is $45 an the firm chooses to produce the quantity you already selected. Note: In the following question, enter a positive number, even if it represents a loss PRICE (Dollars per watch)

100 90 80 Profit or Loss 70 60 50 40 АТС 20 MC AVC 10 10 20 30 40 50 60 70 80 90 100 QUANTITY (Thousands of watches per day) In the short run, at a market price of $45 per watch, this firm will choose to produce ▼ watches per day. On the preceding graph, use the blue rectangle (circle symbols) to shade the area representing the firm's profit or loss if the market price is $45 an the firm chooses to produce the quantity you already selected. Note: In the following question, enter a positive number, even if it represents a loss PRICE (Dollars per watch)

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter12: The Cost Of Production

Section: Chapter Questions

Problem 5PA

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Dear expert bro hand written not allowed.
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