8- A business is below the economic break-even point and above the operational break-even point. Therefore, it can be said that: * a) gives operating and economic profit b) gives economic profit and operating loss c) gives operating profit and economic loss d) causes economic and operational loss

Q: Question 2 Any firm's equals ATC q. total revenue B) total cost marginal cost marginal revenue

A: Answer: Total cost: Total cost is the total cost of produtcion. It is calculated by multiplying the…

Q: Question 2 (total product is Q of production) Total product TFC AFC TVC AVC TC MC $4 $_ $. 1 $12 2…

A: Note: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question…

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Q: d. What is the profit maximizing level of total product (TP) in this example? (3 points) e. At a…

A: First we get the table for easy reference:   TP   Price    TFC     TVC          TC          AFC…

Q: 1. Given the following information: Total Product (TP) Price 0 $6000 1 6000 2 6000 3 6000 4 6000 5…

A: Disclaimer :- since you posted multipart question we are solving first 3 subparts as per guidelines…

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A: Total revenue (TR): - it is the total amount that a seller receives selling his goods and services…

Q: # Units Produced Total Revenue Total Costs 1 100 50 180 110 3 250 180 4 290 270 310 380 2. 5.

A:

Q: Marginal Profit Cost Total Cost Total Marginal Revenue Revenue $15 $19 $15 $20 2 $15 $23 3 $15 $27 4…

A: Here, the given table provides information about the quantity, price and total cost of a specific…

Q: 1. Given the following information: Total Product (TP) 0 1 2 3 4 5 6 Price Fixed Cost (TFC) $6000…

A:

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A: Total revenue determines the amount earned from the quantity produced.Economic costs involve not…

Q: K Click the following icon to view additional information necessary to complete the exericse.…

A: Long-run average total cost (LRATC) refers to the average cost per unit of output in the long run,…

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A: Answer: Short-run supply curve: the short-run supply curve is the rising portion of the marginal…

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Q: FIGURE S-3. ShortRun Marginal Cost $105 Average Total Cost Average Variable Cost $88 $55- 460 1675…

A: The correct answer is given in the second step.

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A: Profit-maximizing output refers to the level of production at which a company achieves the highest…

Q: 7. A firm produces 10 units of output, its total costs are OMR 2250 and average fixed cc

A: Units of Output = 10 units Average Fixed cost = 125 Total cost = 2250 Total variable cost = ?

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A: Formulas of economic profit and accounting profit.  Accounting profit = Total revenue - Explicit…

Q: EN stion will save this response. Question 24 Interpret in below diagram and determine at what point…

A: Here in this given graph break even point is where MC equals ATC that is 6.5 units.

Q: WHat happens when a company does not follow economic heory and charges prices below the marginal…

A: Marginal revenue: It is the revenue that is being generated when an additional unit of output is…

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A: Since you have posted a question with multiple sub parts, we will solve first three subparts for…

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