A. Illustrate and label graph of imperfect competition in movie theatre with detailed explanation B. Illustrate and label graph of economies of scale for movie theatres with detailed explanation
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Q: A. Draw and label graph of imperfect competition in movie theatre with detailed explanation B. Draw…
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A. Illustrate and label graph of imperfect competition in movie theatre with detailed explanation
B. Illustrate and label graph of economies of scale for movie theatres with detailed explanation
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- A. Draw and label graph of imperfect competition in movie theatre with detailed explanation B. Draw and label graph of economies of scale for movie theatres with detailed explanationED Page view A Read aloud V Draw E Highlight 1. A local restaurant has a weekly fixed cost of $1507 per week, and unit costs of $1.75 per hamburger. They sell the hamburger for $5.99. a. Sketch the graph of the following cost and revenue functions. Shade and label the area of profit and loss. b. Label the ordered pair (x,y) for the break-even point. You end up selling 500 hamburgers in a week. Explain if it was a good or a bad week, and tell me how much money you profited or lost. C.Typed plz and asap please provide a high quality solution give all steps as well as calculations and take care of plagiarism also
- Case P Q TR TC TFC TVC AC AVC MC 2. 8000 1000 3.50 3.00 4.50 • Step 1: Compare Pwith(AVC) (or Compare(TRwith(TVC) 3.00 8000 If P Shut down. If P >AVC => go to step 2. Step 2: Compare P with MC please find P, Q, AFC, TVC and EXPLAIN how you get the answers.The graph shows the situation facing Mike's Bikes Inc., a producer of mountain bikes. The demand and costs of other mountain bike producers are similar to those of Mike's Bikes. Draw a point to show the quantity of mountain bikes that Mike's produces and the price of a bike. Draw a shape to show the firm's economic profit or loss. Label it 400 350- 300- 250 200- 150- 100 50- 0+ Price and cost (dollars per bike) 0 MC ATC MR D 50 100 150 200 250 300 Quantity (mountain bikes per week) >> Draw only the objects specified in the question. Q E1. What are the conditions of Economic profit, economic loss and breakeven point of Perfect competition market? Explain the conditions with graphs
- Instructions: For profit/loss, round your answers to two decimal places. If you are entering any negative numbers be sure to include a negative sign () in front of those numbers. A loss should be entered as a negative number. Check my work b. Given a price of $8 per gift box, how many boxes of chocolate should Choco Lovers produce? gift boxes What will the profit or loss be per gift box? 24 per gift box C. Suppose that Choco Lovers raises the price to $10 per gift box. Now how many boxes should Choco Lovers produce? gift boxes What will the new profit or loss be per gift box?Don't use chatgpt or any AI A profit-maximising firm in a competitive market is currently producing 1,000 units of output. It has average revenue of $50, average total cost of $40 and fixed cost of $10,000. a) What is its profit? b) What is its marginal cost? c) What is its average variable cost? Is the efficient scale of the firm more than, less than or exactly 1,000 units?The cost data in the following table are for Marshall’s Meats, a perfectly competitive firm. Round your answers to 2 decimal places. Output Average Variable Cost AverageTotal Cost MarginalCost Total Cost 0 / / / $ 95 1 $ $ $ 115 2 125 3 150 4 200 5 270 6 350 7 450 a. Complete above the table. b. What is the break-even price? Break-even price: $ c. What is the shutdown price? Shutdown price: $ d. If the market price of the product is $50, what quantity will Marshall’s Meats produce? What will be its profit or loss? Quantity: ; : $ e. If the market price of the product is $100, what quantity will Marshall’s Meats produce? What will be its profit or loss? Quantity: ; : $
- Assume soybeans are produced by a perfectly competitive, constant cost industry. Fresh Fam is a typical frm producing soybeans and is cumently operating with an economic loss. a. Using a correctly labeled graph for Fresh Farm, show each of the following in the short run i The marginal cost curve and average total cost, labeled MC and ATC, respectively ii. Fresh Farm's price and loss-minimizing quantity, labeled P; and Q, respectively The average variable cost curve, labeled AVC b. Suppose that newspapers have recently reported that excessive soybean consumption can cause health problems. As a resut, wil the new loss-minimizing quanty for Fresh Fam be grester than less than, ar equa to Op in the short run? Explain. c. Is the long-run market supply for soybeans perfectly inelastic, relatively inelastic, unit elastic, relatively elastic, or perfecty elastic? d. Assume now that the soybean market is in a long-run equilibrium and that fertilizerS used in soybean production cause water…The cost data in the following table are for Marshall’s Meats, a perfectly competitive firm. Round your answers to 2 decimal places. Output Average Variable Cost AverageTotal Cost MarginalCost Total Cost 0 / / / $ 100 1 $ $ $ 130 2 150 3 180 4 220 5 270 6 330 7 440 a. Complete above the table. b. What is the break-even price? Break-even price: $ c. What is the shutdown price? Shutdown price: $ d. If the market price of the product is $50, what quantity will Marshall’s Meats produce? What will be its profit or loss? Quantity: ; (Click to select) Loss Profit : $ e. If the market price of the product is $110, what quantity will Marshall’s Meats produce? What will be its profit or loss? Quantity: ; (Click to select) profit loss : $The above diagram illustrates the short run cost curves for Sarah Mat, a rice farmer in Queensland. Calculate the profit or loss for Sarah Mat and, examine the key characteristics for perfect competition firm with reference to Sarah’s farm.
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