Answer plzz... Price700650600550500450400350300250200150100500EWhat is the profit if the price is 350 $24What is the profit at price 250 $ ?AAt what price is B/E breaking even?<BMC1 2 3 4 5 6 7 8 9 10 11 12QuantityATCAVCP=MR

In perfectly competitive market, firms are price takers so they take the market price as given.…

700 650 600 550 500 450 400 350 300 250 200 150 100 50 0 D 33-1 E What is the profit if the price is 350 $?< What is the profit at price 250 $ ?< A B MC ¡W₁ 1 2 3 4 5 6 7 8 9 10 11 12 Quantity ATC AVC P=MR

700 650 600 550 500 450 400 350 300 250 200 150 100 50 0 D 33-1 E What is the profit if the price is 350 $?< What is the profit at price 250 $ ?< A B MC ¡W₁ 1 2 3 4 5 6 7 8 9 10 11 12 Quantity ATC AVC P=MR

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Price
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E
What is the profit if the price is 350 $24
What is the profit at price 250 $ ?
A
At what price is B/E breaking even?<
B
MC
1 2 3 4 5 6 7 8 9 10 11 12
Quantity
ATC
AVC
P=MR

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