C) Refer to the graph above. The fim should shut down if the price falls below accept the total loss of and a. $3.00; -$800 b. $5.00; $760 c. $7.00; $500 d. $2.00; $500 | D) The firm's supply curve is: a. The portion of ATC curve above price of S5 c. The portion of MC curve above $3 b. The AVC curve above $4 d. The marginal cost curve above $5 Ela the long-run equilibrium, the fim will charge the price of output and eam - produce units of economic profit. a $3.00; 200; $600 in profit c. $7:00; 500; -$1,000o loss b. $5; 380; normal profit d. $9, 600; positive economic profit of $600 F) Refer to the graph above. How often, does the firm in the graph above engage in price discrimination? Why? A) Rarely B) Very often C) Always D) Never

C) Refer to the graph above. The fim should shut down if the price falls below accept the total loss of and a. $3.00; -$800 b. $5.00; $760 c. $7.00; $500 d. $2.00; $500 | D) The firm's supply curve is: a. The portion of ATC curve above price of S5 c. The portion of MC curve above $3 b. The AVC curve above $4 d. The marginal cost curve above $5 Ela the long-run equilibrium, the fim will charge the price of output and eam - produce units of economic profit. a $3.00; 200; $600 in profit c. $7:00; 500; -$1,000o loss b. $5; 380; normal profit d. $9, 600; positive economic profit of $600 F) Refer to the graph above. How often, does the firm in the graph above engage in price discrimination? Why? A) Rarely B) Very often C) Always D) Never

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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