Con 209 $14 $12 $22 $16 $13 MC 22 24 30 3 ATC Quartly cases) The perfectly competitive price would be: Demand

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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Costs and
revenue
per case
50% a
$14
$12
$22
$16
$13
Question 6
Costs and
revenue
22 24 30 30
@ 300
The perfectly competitive price would be:
MR
22 24 30 3
ATC
Demand
Quantly
(cases)
ATC
Demand
Quantity
In the above graph, the firm would earn:
$0 in economic profit and break even
$44 economic profit
$88 economic profit
$22 economic loss
$44 economic loss
Transcribed Image Text:Costs and revenue per case 50% a $14 $12 $22 $16 $13 Question 6 Costs and revenue 22 24 30 30 @ 300 The perfectly competitive price would be: MR 22 24 30 3 ATC Demand Quantly (cases) ATC Demand Quantity In the above graph, the firm would earn: $0 in economic profit and break even $44 economic profit $88 economic profit $22 economic loss $44 economic loss
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