5 Consider the market represented by the figure to the right. Supposethis market has one firm.100.00-If the firm can only charge a single price, what is this firm's profits(when maximizing profits)? The figure to the right asumes the firmhas no fixed costs.90.00-B0 0070.00-The firm earns profits of $ (Enter a numeric response usingrounded to two decimal places.)60.00-50.00-%2440.00-30.00-20.00-MGATC10.00-MR0.0010 20 3040 50 6070 8090 100Quantity$per unit

In a monopoly, there is a single seller producing unique product. Marginal revenue lies below the…

Consider the market represented by the figure to the right. Suppose his market has one firm. 100.00- the firm can only charge a single price, what is this firm's profits 90.00- when maximizing profits)? The figure to the right asumes the firm as no fixed costs. 80 00- 70.00- he firm earns profits of $(Enter a numeric response using punded to two decimal places.) 60.00- 50.00- %24 40.00- 30.00- 20.00- 10.00- MR 0.00- 10 20 30 40 50 60 70 80 Quantity S per unit

Consider the market represented by the figure to the right. Suppose his market has one firm. 100.00- the firm can only charge a single price, what is this firm's profits 90.00- when maximizing profits)? The figure to the right asumes the firm as no fixed costs. 80 00- 70.00- he firm earns profits of $(Enter a numeric response using punded to two decimal places.) 60.00- 50.00- %24 40.00- 30.00- 20.00- 10.00- MR 0.00- 10 20 30 40 50 60 70 80 Quantity S per unit

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Figure A Q Figure B Figure C Price (dollars per unit) 15- Price (dollars per unit) 15 Price (dollars per unit) 15- 14- 13- 12- 11- 10- MC MC 14- 14- 13- 12- 11- 10- „MC ATC 13- 12- 11- 10- ATC ATC MR MR MR 9- 9- 9- 8- 8- 8- 7- 7- 6- 90 100 100 100 1i0 Quantity (units) 90 110 90 110 15 Qua Quantity (units) Quantity (units) Consider a perfectly competitive firm in a short-run equilibrium. Figure shows a firm in bad times because the firm produces units and makes a(n) O A. A; 100; economic loss O B. B; 90; economic profit O C. A; 110; economic loss O D. C; 100; economic loss O E. C; 100; normal profit
Exercise: 01 Issue a promissory note: ⑴Amount ￡3,026.00 ⑵Date and place of issue 8/August/2009，Guangzhou, China ⑶Tenor At 90 days after date ⑷Maker Guangdong Imp. & Exp. Co., Guangzhou ⑸Payee Chemicals Import & Export Company London ⑴Drawer Thames Enterprises Ltd., London ⑵Drawee The National Westminster Bank Ltd., London ⑶Payee Philips Hong Kong ⑷Date and place of issue 07/01/2001，London ⑸Amount GBP79,014 Exercise: 02 Issue a check:
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3 Calculate the income taxes that a person has to pay considering the table below- If a person's income is $6,500, how much does he pay in taxes? If a person's income is $13,500, how much does she pay in taxes? (a) (b) Taxable Up to $5,000 $5,001-$10,000 $10,001-$15,000 Income Taxes 10% of taxable income 14% of taxable income 16% of taxable income
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Businesses that offer repayment plans for purchases are required by law to disclose the interest rate. But that dosent mean they let you go out of there way to let you know what it is. you have to read all the paper work. Find the interest rate for the follwing purchase. For a 312 square- foot family room, you choose carpert that costs $1.44 per square foot. The tax rate is 6.1% and youre offered 24 payemnts of 27.61. Round to one decimal, if necessary.