a)Is this firm facing profit or loss or breaking cven? B) How much is the proif c) Calculate the total costQ263023201512109OPrice9 1215a)Is this firm facing profit or loss or breaking even?b) How much is the profitc) Calculate the total cost✔MRMCATCDQuantity

The demand curve represents the quantity demanded by consumers at different price levels.The average…

Answered: Q26 30 23 20 15 229 12 10 O Price 9 12…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

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310 185 170 95 80 65 $ A profit-maximizing firm will break even when market price is $ SMC If market price is $80, a profit-maximizing firm will produce ATC 0 1100 1600 1900 The figure above shows cost curves for a perfectly competitive firm. Suppose that market price is $310. A firm producing 1 700 units of output should produce AVC 9 units of output instead, to earn profits of $ units of output and earn profits of $
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K Wilbur's is the only septic service in a remote village. The firm's total fixed cost is $50 a day and its marginal cost is zero. The table gives the demand schedule for service calls. Price (dollars per service call). Quantity (service calls per day) 500 0 400 1 300 2 200 3 100 4 5 0 Draw the firm's demand curve. Label it D Draw the firm's marginal revenue curve Label it MR. Draw the firm's marginal cost curve. Label it MC Draw a point at the profit-maximizing price and output.
I think either 10 or 15 please help ?
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Price (dollars per jacket) 888888 180 160 140 120 100 60 40 20 0 80 160 MC profit; $13,000 profit; $7,200 Oloss; $8,000 In the figure above, Gap's economic loss: $13,000 ATC The figure shows the demand curve for Gap jackets (D), and Gap's marginal revenue curve (MR), marginal cost curve (MC), and average total cost curve (ATC). MR 240 320 400 Quantity (jackets per day)
QUESTION 3 Consider the following graph: Price and cost (per necklace) 260.00 240.00 220.00- 200.00 180.00- 160.00- 140.00 120.00- 100.00 80.00- 60.00- 40.00 20.00- 0.00 - 0 2 4 -O MC What is the profit maximizing quantity? D ATC MR 6 8 10 12 14 16 18 20 22 24 26 Quantity (diamond necklaces)
Price 2000 Multiple Choice MC P₂ ATC AVC g.opp. 9₂ Quantity Refer to the accompanying diagram. The firm will realize an economic profit if price is MP₂ MP₂ MP,
What's the economic profit
|Price Demanded Revenue Revenue Marginal Cost Cost $24 1000 $24,000 ** $15,000 ** ** ** $22 1250 $27,500 $14 $17,000 $8 $20 1500 $10 $19,500 $10 $18 1750 $31,500 Y $23,000 $14 $16 2000 $32,000 $2 $27,000 Z (a) Calculate total revenue at X. (b) Calculate marginal revenue at Y. (c) Calculate marginal cost at Z. (d) Find the profit maximizing price. (e) Find the profit maximizing quantity. (f) Find the profit the firm will earn.
Wilbur's is the only septic service in a remote village. The firm's total fixed cost is $125 a day and marginal cost is zero. The table gives the demand schedule for service calls. Price (dollars per service call) 500 400 300 200 100 0 Quantity (service calls per day) 0 2 4 Draw the firm's demand curve. Label it D. Draw the firm's marginal revenue curve. Label it MR. Draw the firm's marginal cost curve. Label it MC. Draw a point at the profit-maximizing price and output. Wilbur's economic profit is $ a dav. 689 10

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Q26 30 23 20 15 229 12 10 O Price 9 12 15 a)Is this firm facing profit or loss or breaking even? b) How much is the profit c) Calculate the total cost MR MC ATC D Quantity