1613Quantity14568Use Tablequestions 30 to 32.910(B) $200.C. $300.D. $500.Table 7Total fixedcost, TFC(dollars)500500500500500500500500500500500Total variablecost, TVC(dollars)30. The firm will produce 9 units of output if the price per unit isA. $1750.o10018022030039050064080010001250A. a loss of $500.B. a loss of $10.C. a loss of $510.D. $210.31. If the price is $160 per unit, how many units of output will the firm produce?A. 8.B. 9.C. 10.D. More than 10.32. If the market price is $70 and the firm is a profit maximiser, the firm can earn a maximumeconomic profit of

To determine the optimal output level, we need to find the level of output at which the marginal…

16 1 Quantity 2 3 4 S 6 7 8 Lise questions 36 10 Total fixed cost, TFC (dollars) 500 500 500 500 500 500 500 500 500 500 500 Table 7 A. 8. B. 9. C. 10. D. More than 10. Total variable cost, TVC (dollars) 0 100 180 220 300 30. The firm will produce 9 units of output if the price per unit is A. $1750. B $200. C. $300. D. $500. A. a loss of $500. B. a loss of $10. C. a loss of $510. D. $210. 390 500 640 800 1000 1250 31. If the price is $160 per unit, how many units of output will the firm produce? 32. If the market price is $70 and the firm is a profit maximiser, the firm can earn a maximum economic profit of

16 1 Quantity 2 3 4 S 6 7 8 Lise questions 36 10 Total fixed cost, TFC (dollars) 500 500 500 500 500 500 500 500 500 500 500 Table 7 A. 8. B. 9. C. 10. D. More than 10. Total variable cost, TVC (dollars) 0 100 180 220 300 30. The firm will produce 9 units of output if the price per unit is A. $1750. B $200. C. $300. D. $500. A. a loss of $500. B. a loss of $10. C. a loss of $510. D. $210. 390 500 640 800 1000 1250 31. If the price is $160 per unit, how many units of output will the firm produce? 32. If the market price is $70 and the firm is a profit maximiser, the firm can earn a maximum economic profit of

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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8. Consider a firm's short run and long run average costs depicted below: 300 270 240 210 180+ Wunt 150 120+ 90 60 30 ---- W X AC LRAC 200 400 600 800 1000 1200 1400 1600 1800 2000 # of units Suppose this firm has been producing 400 units per month for a long time. If it decides to increase its output to 800 units per month, then its average cost will O A. fall from $300/unit to $150/unit initially, then rise to $240/unit eventually. O B. fall from $300/unit to $60/unit initially, then rise to $240/unit eventually. O C. fall from $300/unit to $60/unit and remain there. O D. fall from $300/unit to $240/unit and remain there. O E. rise from $150/unit to $240/unit initially, then fall to $60/unit eventually. OF. rise from $150/unit to $300/unit initially, then fall to $60/unit eventually. O G. fall from $150/unit to $60/unit and remain there. OH. rise from $150/unit to $240/unit and remain there.
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Please solve all parts will definitely upvote please dear expert
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