Three part question please answer the following with two screen shots and the question below:The industry is in a long running equlibrium. True or false In the previous table, enter marginal revenue and marginal cost for each quantity.On the following graph, use the green points (triangle symbol) to graph the marginal-revenue curve, then use the orange points (square symbol) toplot the marginal-cost curve. (Note: Be sure to plot from left to right and to plot between integers. For example, if the marginal cost of increasingproduction from 1 unit to 2 units is $5, then you would plot a point at (1.5, 5).)10Marginal Revenue87Marginal Cost3212345QuantityThe marginal-revenue curve and the marginal-cost curve cross at a quantityThis firmin a competitive industry, because marginal revenue isas quantity increases.Revenue and Costs 3. Problems and Applications Q3Consider total cost and total revenue, given in the following table:In the final column, enter profit for each quantity. (Note: If the firm suffers a loss, enter a negative number in the appropriate cell.)Total CostMarginal Cost(Dollars)Total Revenue Marginal Revenue(Dollars)ProfitQuantity (Dollars)(Dollars)(Dollars)6272710143731321741728775243576324210774249In order to maximize profit, how many units should the firm produce? Check all that apply.U 34.6.ON

The following table shows the profit level earned by the firm for each quantity. quantity TC…

Answered: hree part question please answer the…

hree part question please answer the following with two screen shots and the question below: The industry is in a long running equlibrium. True or false

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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A capability that is easy to imitate may provide a sustained competitive advantage if: Group of answer choices 1.It can easily be put to use in a variety of settings 2. It can easily be increased in scale 3. It is more valuable in conjunction with rare complementary assets held by the firm 4. It is more valuable in conjunction with rare complementary assets held by another firm..
Which option is correct pls help
If a perfect competitor was earning an economic profit in the short run, would this situation continue through the long run? Why or why not? (Answer with diagram) Note:- Please avoid using ChatGPT and refrain from providing handwritten solutions; otherwise, I will definitely give a downvote. Also, be mindful of plagiarism. Answer completely and accurate answer. Rest assured, you will receive an upvote if the answer is accurate.
Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
QUESTION 19 It is advantageous for an industry to be designated "strategic," as that often means it can qualify for government subsidies and bailouts. True False In assessing and choosing a firm’s strategy, a manager will usually find that benchmarking is: a. unimportant if there is a well-thought-out strategy. b. a valuable part of evaluating a firm’s capabilities. c. the surest way to dilute strengths and magnify weaknesses. d. likely to be the most successful strategy. How does bounded rationality affect strategic decision making? a. Only with prior experience can managers of multinationals make rational strategy decisions. b. Bounded rationality has no effect on decision making. c. Managers pursue their interests and make choices within the formal and informal constraints in a given institutional framework. d. Relying on informal connections as a strategy is only relevant for firms in emerging economies. Being…
Answer to part D&E are required
Suppose the percentage of business sales the top firms have in some industry are respectively, 25%, 20%, 7%, 6%, 5%, and 4%. Calculate the CR(6), and determine the type of competition the industry is. Calculate the HHI
None
Hayfever Farms is an 80-acre hay farm in Colorado. The owners are considering changing the farm's name to Blissful Acres and growing strawberries instead of hay. Use the table of marginal cost (MC) and marginal revenue (MR) to answer two questions. Number of acres MC $ MR $ (hay) MR $ (strawberries) 10 320 730 5600 20 200 730 5600 30 540 730 5600 40 730 730 5600 50 1200 730 5600 60 3200 730 5600 70 5600 730 5600 80 6700 730 5600 If they continue to only grow hay, how many acres should Hayfever Farms devote to growing hay in order to maximize profits? acres of hay: acres If the owners decide to only grow strawberries, how many acres should Blissful Acres devote to growing strawberries in order to maximize profits? acres of strawberries:
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