PROFITABILITY AND THE MARKETPRICEPrice, costof free$30Break-evenpricejust highMCMinimum averagelolal cost1814If the price isenough tocover ATC andATC if it chooses theMRP Q whereMR=MC thefirm will break010203030even.40506070Quantity of treesMinimum-costoutputQ1 Calculate Profit in the above diagramPROFITABILITY AND THE MARKETPRICEPrice, costof treeBreak-evenpriceMarket price = $10Minimumaveragetotal costMCThe farm's per unitloss: $10.00 -$14.67=-$4.67.Total loss: 3 x-$4.67 = approx.ATC (-$14.00).$14.6714.00CLossMR = P10.00A010202030404050506070 Quantity of treesQ2 Show the detailed Calculation of Profit(Loss), Using theformula TR-TC=p.Q-c.QIn the above example p=$10What is ATC at equilibrium output 40?What is the amount of loss? Show detailed calculation

To calculate the profit or loss in the given diagram, we can use the formula: Profit (or Loss) =…

Answered: PROFITABILITY AND THE MARKET PRICE…

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter10: Monopolistic Competition And Oligopoly

Section: Chapter Questions

Problem 16CTQ: Would you rather have efficiency or variety? That is, one opportunity cost of the variety of...

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An efficeent Produc hin 9.uo1a 25: ci) is esfzient becouse it nesur Over produchiom, is under produchin . a riuent becaese it rensts ettiu huaruse it remus c3 Enefpicient becaus it remts in Underpnduchim, vchin. ii ónefgiuent because it neuults
Sunpose fnduce x and y The outut uf mo prucduct of frm preducung hoo C = 250x2 +120y². AsSummg 4144.wing Lag rangjar a joint CUrt funchon given as %3D U resmcted at mulhplier Fechnique- ind he amount X and y That will minimnel. Cost and Compute i Ihs of changng thi Optimal combinahon amount Uf boin puelucts Cast MSO examme he cost implcahors Jo as w prduce equal 2800 50
A and b and C are answered i need help with part D and E
ం వయడు Firms in Marçaa cost =o for Goth • FicmsAroduce Fir Twe firms 20 bertrand compotition for both diffrencided poduts, oms Sunction have the fallowing inverse denand शि= | -01- 203 pz=1-92-5 a Defue repried 6 Denve Rertrand equilbba Bertrand reaction functio) and diagremadticalde 5) madirall Deుల and equilubi gauntitier,pricer Arofits.
part a, b, and c
Amonofoly is Charar terized the average Cost Ac- 0/44 and the margzaa . COst MC =0/2 Where 0 Is the 9uantity Produced, the demand for the monoP0LY good 7s Cl= 10-P. Where P Ts Price the Pair of OPtimai uanETEY and Price of the Profit maximizing mono Poly Is
we TECNO O6 SPARK pg#01 %23 Date Question G coporate greccellie separale faihs which onganization has three duning the coming yeas., Each has ase to farm be used Uniale chasacterltics which most sutable make it bor saising below indicates the crop only selected' for une Jable crop each the fam, of associated with operating each annual ixed costs' of the cosposdtron as 7 planting expected revenue harm. Dn addition to the bixed cost annual cost the crops, the faam.there Rs 8°90,000for are whole. Crop Polatoes Cost/acde Revenuelacte Hixed cost 1200 faim 1500 200000 soybean 1430 1850 3 50000 3 com 870 1225 128000 Detemine the cost function , revenue, funchion and psofit function ljain functions)for the thaee fhim Ohe board opera tion alinection has vote on the planing following program foh the coming yeas:750 acres' will be planted at fam 1;1,000 at ferm 2; and l,s^SO at farm what are the expected profits for the program? summer d roug pes acte bcing"necvced by 10,20 and 30 percent,…
A rational decision-maker takes an action only if the Select one: a. average benefit is greater than the average cost O b. marginal benefit is greater than both the average cost and the marginal cost Oc marginal benefit isgreater thanthe.marginal cost O d. marginal benefit is less than the marginal cost age ter4 ELAST CTYAND ITS APPLICATION TAutosaved.
Solve it correctly.
A customer has purchased one pack of 100 pairs of disposable face masks. The price of the second pack is $45, and the burer estitnated its net benefit from buying this second pack to exceed $50 What should the buyer do? Select one O a The buyer should not buy the second pack as buying the second packiwitl increase total benetts by less than total costs b. The buyer should not buy the second pack as buying the second pack will increase total benefits by more than total costs OC The buyer should buy the second pack because the marginal beneft of the second packit so igh that ts marginat cost does not mater umy more d. The buyer should buy the second pack because the marginal benefit of the second pack exceeds the marginal cost
365 ht, Library, and ng Resources soft Teams ngs soft Teams s "Marble Madness" is a local carnival game, costing $2. There are 100 total marbles in a bag: 2 red, 8 orange, 10 yellow, 30 green, 30 blue, and 20 black. If a red marble is pulled, you win $6, an orange marble wins $4, and a yellow marble wins $2. A green, blue, and black marble result in a loss of the $2 cost to play. What is the expected value of a marble pull? Provide your answer below

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