At the profit-maximizing level of output, this firm a) generates an economic profit equal to the area of ABED b)generates a loss per unit equal to DE c)faces a total fixed cost equal to the area of BEFC d) should shut down note : option A is wrong plz do fast corect answer with explanation no use chagpt i will 10 upvotes and no chatgpt answer. d)generates an economic profit equal to the area of ABED

At the profit-maximizing level of output, this firm a) generates an economic profit equal to the area of ABED b)generates a loss per unit equal to DE c)faces a total fixed cost equal to the area of BEFC d) should shut down note : option A is wrong plz do fast corect answer with explanation no use chagpt i will 10 upvotes and no chatgpt answer. d)generates an economic profit equal to the area of ABED

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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MC Price AC £/unit AVC D2 D3 D1 D4 Quantity/ week Figure 9 Cost curves for a price-taker firm Figure 9 shows a price-taker firm, with average cost AC, average variable cost AVC, and marginal cost MC curves. Select the demand curve shown on Figure 9 to represent a firm making only normal profit. Select one: D3 D4 O D2 O D1
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Please see attachment and type out the correct answer within 40 to 50 minutes n give proper explanation of each n every option . Will give you thumbs up only for the correct answer.thank you
In the above figure, the perfectly competitive firm's shutdown point is at a price of
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