Q16 and Q17 $20$18MCATC$16P = MR$14$12AVC$10$82004006008001,0001,200Output (Q)The diagram above shows a Perfectly Competitive firm in the short-run. This firm will maximize its profit by choosingthe Output (Q) level:Select one:O a.600O b. 400O c. 800O d. 1,000 $20$18MCATC$16P MR$14$12AVC$10$2$02004006008001,0001,200Output (Q)The diagram above shows a Perfectly Competitive firm in the short-run. At the profit maximizing Output (Q) level, thefirm will earn a Total Profit of:Select one:O a.$1,600O b. $1,000O c.$2,000O d. $3,200

Q16AnswerThe firm produces at MC=PwhereQ=800 unitsthe correct option is option c.

$20 $18 MC ATC $16 P MR $14 $12 AVC $10 $8 $4 $2 $0 200 40 600 800 1,000 1,200 Output (Q) The diagram above shows a Perfectly Competitive firm in the short-run. At the profit maximizing Output (Q) level, the firm will earn a Total Profit of: Select one: O a. $1,600 ОЬ. $1,000 O c. $2,000 O d. $3,200

$20 $18 MC ATC $16 P MR $14 $12 AVC $10 $8 $4 $2 $0 200 40 600 800 1,000 1,200 Output (Q) The diagram above shows a Perfectly Competitive firm in the short-run. At the profit maximizing Output (Q) level, the firm will earn a Total Profit of: Select one: O a. $1,600 ОЬ. $1,000 O c. $2,000 O d. $3,200

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Similar questions

Suppose that education does not affect worker’s productivity, but it is more costly for low-ability workers to obtain the education. If firms cannot distinguish between different workers they must pay them all the wage equal to the expected productivity. If they can distinguish between workers with different abilities, they pay each worker their marginal product of labour and make zero profits. 70% of workers in the population have low ability. The productivity of low-ability workers is YL = 20000, and the productivity of high-ability workers is YH = 50000. The cost of education to high-ability workers is CH(S) = S 4 , and the cost of education to low-ability workers is CL = S. (Answer 4.5.6 only) 1. Suppose firms cannot observe worker’s education. What wage will they offer to a highability worker? What is the optimal level of schooling for the high-ability worker? Why? 2. Suppose that firms can observe worker’s educational attainment and believe that workers with the level of…
Owkskdmd
Question 13 Consider the Republic of Ashbury and apportion 250 seats among the five states using Webster's method. Use the population from the table below. You can use a spreadsheet to help you figure out an answer or calculate using a calculator. Find: the standard divisor, the modified divisor, and • the distribution of representatives to each state. Representative Seats 250 Modified Standard Rounded Modify State Population Lower Quotas Quotas Quotas Quotas A 1,230,520 В 1,230,600 4,999,700 815,000 875,500 Total 9,151,320 Standard Divisor Modified Divisor a. Standard divisor: 36,605.28 Modified divisor: 36,629 States: A:34, B: 34, C: 136, D:22, E:24 X b. Standard divisor: 36,605.28 Modified divisor: 36,627 States: A:34, B: 34, C: 136, D:22, E:24 c. Standard divisor: 36,605.28 Modified divisor: 36,630 States: A:34, B: 33, C: 137, D:22, E:24 d. Standard divisor: 36,605.28 Modified divisor: 36,627 States: A:34, B: 34, C: 136, D:23, E:23
Consider the Pareto chart, which shows the number of student blood donors by their type for one day of a campus blood drive. What percentage of the student donors have blood type O? Please round your answer to the nearest whole number. Frequency 50 45 40 35 30 25 25 20 15 10 10 5 Student Blood Donors 20 20 15 5 0 A B AB Blood Type
Suppose the proportion P of people affected by a certain disease is described by ln (P/1-P) = 0.1t where t is the time in months. Find dP/dt, the rate at which P grows.
DQ1: Bailments: Discuss any bailment situations about which you have personal knowledge in which one or both parties breached its duties under the bailment agreement. How was the matter resolved? What damages were paid to the injured party to resolve the dispute?
Ldocplcoeodlxmxs
If Mercedes builds cars in the United States, is their value counted in U.S. GNP?
clai)= A.Q, claz) = Bq A CA, B,a,P) ail positive Q = Dp> all positive
No need explanation just draw a extensive form for me.
[Maximum 200 words]. Do some internet based research to compare drugs prices across countries and comment on how expensive they are in the US compared to some of the other western countries. Ball park averages should be fine (no need to be exact, but you may want to cite your sources). Compare their sizes also in terms of population as well (for instance US vs Canada or UK). Discuss the possible effects of such a policy both in the US and Canada.
Please refernece attachment. See image below.