Genel Gönderiler Dosyalar Sınıf Not Defteri OdevlerQUESTIVVS;Q-1-Firm A is operating in a perfectly competitive market inthe short-run and producing good X. Answer thequestions below by incorparating the hereby indicateddata.P=5ATC=6AVC=4EquilibriumQuantity=50Q-a-llustrate the case of the perfectly competitive firm A ina graphical illustration by using the relevbant data.b-Determine whether there is a profit or loss.c-Indicate the profit/ loss on the graph.d-calculate profit/loss.e-Calculate Total Fixed Cost (TFC)F-Determine and state.whether firm A should continueor stop producti on with a reference to resulting TEC.g-In some cases. some finms.carpy on vvith productioneven though they achieve 3 loss. What is the rationalbehind that? evaluate and comment oriefly.Q-2-a- Illustrate and explain comprenensively the case ofdiminish ing marginal retuns with grphical presentation inthe short-rur What imoortant essons can be drawn fromshis law evauate and ommentN Bte and ecolarithereletionship cetweenhe

The firms under a perfectly competitive market structure are considered to be price takers and have…

P=5 ATC=6 AVC=4 Equilibrium Quantity=50 Q-a-illustrate the case of the perfectly competitive firm A in a graphical illustration by using the relevbant data. b-Determine whether there is a profit or loss. c-Indicate the profit/ loss on the graph. d-calculate profit/loss.

P=5 ATC=6 AVC=4 Equilibrium Quantity=50 Q-a-illustrate the case of the perfectly competitive firm A in a graphical illustration by using the relevbant data. b-Determine whether there is a profit or loss. c-Indicate the profit/ loss on the graph. d-calculate profit/loss.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Genel Gönderiler Dosyalar Sınıf Not Defteri Odevler
QUESTIVVS;
Q-1-Firm A is operating in a perfectly competitive market in
the short-run and producing good X. Answer the
questions below by incorparating the hereby indicated
data.
P=5
ATC=6
AVC=4
Equilibrium
Quantity=50
Q-a-llustrate the case of the perfectly competitive firm A in
a graphical illustration by using the relevbant data.
b-Determine whether there is a profit or loss.
c-Indicate the profit/ loss on the graph.
d-calculate profit/loss.
e-Calculate Total Fixed Cost (TFC)
F-Determine and state.whether firm A should continue
or stop producti on with a reference to resulting TEC.
g-In some cases. some finms.carpy on vvith production
even though they achieve 3 loss. What is the rational
behind that? evaluate and comment oriefly.
Q-2-a- Illustrate and explain comprenensively the case of
diminish ing marginal retuns with grphical presentation in
the short-rur What imoortant essons can be drawn from
shis law evauate and omment
N Bte and ecolarithereletionship cetweenhe

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