QUESTION 25 Refer to the information provided in Figure 12.4 below to answer the question(s) that follow. a. Industry X Price per unit of X (S) Price per unit of Y (5) p pl 0 0⁰0¹ b. Industry Y Q¹0⁰ D¹ Units of X 30 D¹ Units of Y Figure 12.4 There are two sectors in the economy, X and Y, and both are in long-run, zero-profit equilibrium at the intersections of sº and Dº Refer to Figure 12.4. Currently in sector Y, price is greater than average cost. less than average cost. equal to average cost. More information is needed to answer the question.

QUESTION 25 Refer to the information provided in Figure 12.4 below to answer the question(s) that follow. a. Industry X Price per unit of X (S) Price per unit of Y (5) p pl 0 0⁰0¹ b. Industry Y Q¹0⁰ D¹ Units of X 30 D¹ Units of Y Figure 12.4 There are two sectors in the economy, X and Y, and both are in long-run, zero-profit equilibrium at the intersections of sº and Dº Refer to Figure 12.4. Currently in sector Y, price is greater than average cost. less than average cost. equal to average cost. More information is needed to answer the question.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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I asked for help earlier and it was marked incorrect please help me solve for correct answer and please explain why this is wrong?