PAPBPC0PDCompetitive FirmMCATC8. With "PA," determine if this firmmakes a ("positive" "negative""zero") profit in the short run byshowing the profit area geometically.9. With "PA," the price will ("increase""decrease" "not change") in thelong run. Select the correct one.10. In the long run, this firm eventuallyearns a positive" "negative" "zero")profit. Select the correct one. The table represents a competitive firm.Q34567TFCTVC18078TC228304428624916ATC11. Fill out the table.12. With price = $196, determine the output level (Q).13. With price = $196, determine its total profit.14. Find out the breakeven price.MCΝΑ(NOTE: (1) You should use the rule of profit maximization, (ii) You do not need to draw a graph).

PA PB PC P D Competitive Firm MC ATC Q 8. With "PA," determine if this firm makes a ("positive" "negative" "zero") profit in the short run by showing the profit area geometically. 9. With "PA," the price will ("increase" "decrease" "not change" ) in the long run. Select the correct one. 10. In the long run, this firm eventually earns a ("positive" "negative" "zero") profit. Select the correct one.

PA PB PC P D Competitive Firm MC ATC Q 8. With "PA," determine if this firm makes a ("positive" "negative" "zero") profit in the short run by showing the profit area geometically. 9. With "PA," the price will ("increase" "decrease" "not change" ) in the long run. Select the correct one. 10. In the long run, this firm eventually earns a ("positive" "negative" "zero") profit. Select the correct one.

Micro Economics For Today

10th Edition

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter9: Monopoly

Section: Chapter Questions

Problem 3SQP

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