Given the environment illustrated in Figure below, Dollars $400 $300 MO ATC AVC $200 $100 0 MR 0 20 40 60 80 100 120 Quantity of Output The profit-maximizing, or loss-minimizing, output for the firm in Figure above is zero units 50 units 70 units 75 units 83 units

Please show the computations on how you got the answers for me to understand better. Please. Please. Please. Thank you.

Q19

Using the graph below, calculate the firm's profits at the profit maximizing output Price 120 112 104 96 88 80 72 64 56 48 40 32 24 16 8 0 0 34 68 102 136 170 204 238 272 Quantity 306 -P-MRMC AC 340 374 408 442 476

Pls help me stepwise correctly

100 90 80 70 60 ATC 50 40 30 20 AVC МС О 10 + 0 0 5 10 15 20 30 35 40 45 50 QUANTITY (Thousands of shirts) or each price in the following table, use the graph to determine the number of shirts this firm would produce in order to maximize its profit. Assume hat when the price is exactly equal to the average variable cost, the firm is indifferent between producing zero shirts and the profit-maximizing uantity. Also, indicate whether the firm will produce, shut down, or be indifferent between the two in the short run. Lastly, determine whether it will nake a profit, suffer a loss, or break even at each price. Price Quantity (Dollars per shirt) (Shirts) Profit or Loss? Produce or Shut Down? Shut down 10 20,000 Loss Shut down 20 10,000 Loss Shut down 32 5,000 Loss Either 0 or 37,500 Shut down 40 Loss 25 COSTS (Dollars)

Problem 2: Average total cost, from “Principles of Economics” by N. Gregory MankiwYou are the chief financial officer for a firm that sells gaming consoles. Your firm has thefollowing average-total-cost schedule:Quantity | Average total cost600             $300601             $301Your current level of production is 600 consoles, all of which have been sold. Someone calls, desperateto buy one of your consoles. The caller offers you $550 for it. Should you accept the offer? Why or whynot?

. XY Pharmaceuticals company is a price taking firm which produces a single, liquid, drug 'painclear which it sell. at price = £300/ litre. Lach additional unit produced generates costs: the 1 litre adds £4 to costs, the second litre adas to to Tilm s costs, the third adas tlz, etc over all guantities. here are no costs it must pay when output is Zero 1. Create and explain a diagram which shows relevant costs, price, surplus going to XY, at the profit maximising position of the tirm explain how you ca culated that point). [15 % ] It is discovered that production of painclear damages groundwater quality - this affects just one party Greenview Nature Park (a park run by the local council which people can access, for free, for recreation). The value of the damage caused is £48 per litre of paint produced - so the pollution damage caused when output is 1 litre = f 48 the 2 nd litre causes another £48 of damage, so pollution damage caused when output is 2 lites = £96. This damage happens…

P MC АТС 20 MR 16 5 14 22 Firm 30 40 At what level of output is average total cost minimized? 30 22 14 O O

It requires a large sum of money to produce a musical CD. The band has to be formed and rehearsed. The recording studio needs to be rented and the music performed, taped and mixed. However, once one original CD has been created, it costs vertually nothing to produce additional CDs. In words, what would the average and marginal costs look like for thiis firm? Explain in detail.