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If a firm exits, we must have that
P < AVC
None of the answers are correct.
Two answers are correct.
P > AVC
P < ATC
Step by step
Solved in 2 steps
- PROBLEM SOLVING Below is a data of the per-unit costs incurred by a competitor in selling face mask per pack (5 masks per pack) per day. Output (in packs) AFC (P) AVC (P) ATC (P) MC (P) 60.00 45.00 42.50 1 105.00 45.00 2 30.00 72.50 40.00 20.00 35.00 40.00 37.50 60.00 52.50 4 15.00 30.00 12.00 37.00 37.50 49.00 47.50 35.00 40.00 10.00 7 8.57 38.57 47.14 45.00 8 7.50 6.67 40.63 48.13 55.00 65.00 75.00 50.00 9 10 43.33 46.50 6.00 52.50 1. Assuming that the product's price is P58 per pack, should the competitor sell in the short-run Why or why not? If it decides to sell, what will be the profit-maximizing (or loss-minimizing output per day)? What is the profit (or loss) that the seller can realize per day? What is the profit (or loss) per pack? A. Assuming that the product price is P42 per pack, answer the same questions in letter A. B. Because of increasing sellers of masks in the market, the product's price further decreased to P32 per pack. Again, answer the same questions in letter A.…1. ThedemandfunctionforagoodisgivenbytheequationP=a−bQwhilethetotalcost function is TC = dQ2 + eQ + f, where a, b, d, e and f are positive constants. (a) Derive the equation for profit.(b) Derive an expression for the value of Q for which profit is maximised.Please show the computations on how you got the answers for me to understand better. Please. Please. Please. Thank you.
- Solve it early all subparts correctly I upvote definitely. Handwriting or typed not in excelQ)Firm A and B are Cournot competitors, who produce good x. Both firms have zero cost and demand is X = 215 – P, where P is market clearing price. If firm produces 90 units, then what is the optimal amount of output for firm A to produce. solve our if you know correct and clearsolution.Please answer in detail