50 45 Profit or Loss 40 35 ATC 15 AVC 10 MC 5 4 10 12 14 16 18 20 QUANTITY (Thousands of sweaters) In the short run, at a market price of $15 per sweater, this firm will choose to produce v sweaters 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 $15 and the firm chooses to produce the quantity you already selected. Note: In the following question, you should enter a positive number in the numeric entry field. PRICE (Dollars per sweater)
50 45 Profit or Loss 40 35 ATC 15 AVC 10 MC 5 4 10 12 14 16 18 20 QUANTITY (Thousands of sweaters) In the short run, at a market price of $15 per sweater, this firm will choose to produce v sweaters 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 $15 and the firm chooses to produce the quantity you already selected. Note: In the following question, you should enter a positive number in the numeric entry field. PRICE (Dollars per sweater)
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
please also do the graph and the choices for the first blank is 2000, 7500, 8000, 10000
and the choices for the second blank is
thank you!!!
![Suppose that the market for black sweaters is a perfectly competitive market. The following graph shows the daily cost curves of a firm operating in
this market.
(?
50
45
Profit or Loss
40
ATC
AVC
10
MC
5
2
4
10
12
14
16
18
20
QUANTITY (Thousands of sweaters)
In the short run, at a market price of $15 per sweater, this firm will choose to produce
v sweaters 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 $15 and
the firm chooses to produce the quantity you already selected.
Note: In the following question, you should enter a positive number in the numeric entry field.
The area of this rectangle indicates that the firm's
would be s
per day.
PRICE (Dollars per sweater)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fabb9d69a-ec99-4393-99e0-c44be790b622%2Fc931fe94-0a63-4b53-a349-2b1b26cfef19%2F750lpch_processed.png&w=3840&q=75)
Transcribed Image Text:Suppose that the market for black sweaters is a perfectly competitive market. The following graph shows the daily cost curves of a firm operating in
this market.
(?
50
45
Profit or Loss
40
ATC
AVC
10
MC
5
2
4
10
12
14
16
18
20
QUANTITY (Thousands of sweaters)
In the short run, at a market price of $15 per sweater, this firm will choose to produce
v sweaters 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 $15 and
the firm chooses to produce the quantity you already selected.
Note: In the following question, you should enter a positive number in the numeric entry field.
The area of this rectangle indicates that the firm's
would be s
per day.
PRICE (Dollars per sweater)
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