Quantity TC FC VC AFC *** **** ******* 1000 1000 ** * * 50 1500 1000 500 20 100 1800 1000 10 150 2400 1000 6.7 200 3200 1000 5 250 4500 1000 4 300 6000 1000 キ 3.3 (a) Assume the market price is $26:Quantity Revenue Profit At what price is the firm earning normal profit?
Quantity TC FC VC AFC *** **** ******* 1000 1000 ** * * 50 1500 1000 500 20 100 1800 1000 10 150 2400 1000 6.7 200 3200 1000 5 250 4500 1000 4 300 6000 1000 キ 3.3 (a) Assume the market price is $26:Quantity Revenue Profit At what price is the firm earning normal profit?
Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter14: Monopoly
Section: Chapter Questions
Problem 6PA
Question
Quantity |
TC |
FC |
VC |
AFC *** |
**** |
******* |
|
|
1000 |
1000 |
|
** * |
|
* |
|
50 |
1500 |
1000 |
500 |
20 |
|
|
|
100 |
1800 |
1000 |
|
10 |
|
|
|
150 |
2400 |
1000 |
|
6.7 |
|
|
|
200 |
3200 |
1000 |
|
5 |
|
|
|
250 |
4500 |
1000 |
|
4 |
|
|
|
300 |
6000 |
1000 |
キ |
3.3 |
|
|
|
(a) Assume the market price is $26:
Quantity
Revenue
Profit
- At what price is the firm earning normal profit?
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