Answer the following: 1. Assuming that the product’s price is P58 per pack, should the competitor sell in the short-run Why or why not? If it decides to sell, what will be the profit-maximizing (or loss-minimizing output per day)? What is the profit (or loss) that the seller can realize per day? What is the profit (or loss) per pack? A. Assuming that the product price is P42 per pack, answer the same questions in letter A. B. Because of increasing sellers of masks in the market, the product’s price further decreased to P32 per pack. Again, answer the same questions in letter A. C. When is this seller going to shut down? D. Now generate the seller’s supply curve of mask in the short run.
Answer the following:
1. Assuming that the product’s price is P58 per pack, should the competitor sell in the short-run
Why or why not?
If it decides to sell, what will be the profit-maximizing (or loss-minimizing output per day)?
What is the profit (or loss) that the seller can realize per day? What is the profit (or loss) per pack?
A. Assuming that the product price is P42 per pack, answer the same questions in letter A.
B. Because of increasing sellers of masks in the market, the product’s price further decreased to P32
per pack. Again, answer the same questions in letter A.
C. When is this seller going to shut down?
D. Now generate the seller’s supply curve of mask in the short run.
![Below is a data of the per-unit costs incurred by a competitor in selling face mask per pack (5 masks
per pack) per day.
Output
(in packs)
AFC (P)
AVC (P)
ATC (P)
MC (Р)
1
60.00
45.00
105.00
45.00
30.00
42.50
72.50
40.00
20.00
40.00
60.00
35.00
52.50
49.00
4
15.00
37.50
30.00
12.00
37.00
35.00
10.00
37.50
47.50
40.00
7
8.57
38.57
47.14
45.00
8
7.50
40.63
48.13
55.00
43.33
50.00
52.50
9.
6.67
65.00
10
6.00
46.50
75.00](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fbdb4e678-1b24-4963-968c-45a7e1e19637%2F067402c0-64ab-4803-a8a9-d50bd097a36b%2Fyu5tbxf_processed.jpeg&w=3840&q=75)
![](/static/compass_v2/shared-icons/check-mark.png)
Trending now
This is a popular solution!
Step by step
Solved in 5 steps with 1 images
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
![ENGR.ECONOMIC ANALYSIS](https://compass-isbn-assets.s3.amazonaws.com/isbn_cover_images/9780190931919/9780190931919_smallCoverImage.gif)
![Principles of Economics (12th Edition)](https://www.bartleby.com/isbn_cover_images/9780134078779/9780134078779_smallCoverImage.gif)
![Engineering Economy (17th Edition)](https://www.bartleby.com/isbn_cover_images/9780134870069/9780134870069_smallCoverImage.gif)
![ENGR.ECONOMIC ANALYSIS](https://compass-isbn-assets.s3.amazonaws.com/isbn_cover_images/9780190931919/9780190931919_smallCoverImage.gif)
![Principles of Economics (12th Edition)](https://www.bartleby.com/isbn_cover_images/9780134078779/9780134078779_smallCoverImage.gif)
![Engineering Economy (17th Edition)](https://www.bartleby.com/isbn_cover_images/9780134870069/9780134870069_smallCoverImage.gif)
![Principles of Economics (MindTap Course List)](https://www.bartleby.com/isbn_cover_images/9781305585126/9781305585126_smallCoverImage.gif)
![Managerial Economics: A Problem Solving Approach](https://www.bartleby.com/isbn_cover_images/9781337106665/9781337106665_smallCoverImage.gif)
![Managerial Economics & Business Strategy (Mcgraw-…](https://www.bartleby.com/isbn_cover_images/9781259290619/9781259290619_smallCoverImage.gif)