Question 9 3 pts Assume that marginal revenue equals rising marginal cost at 100 units of output. At this output level, a profit-maximizing firm's total fixed cost is $600 and its total variable cost is $400. If the price of the product is $10 per unit and the fırm produces 100 units, the firm will earn an economic profit of $400. more than $100. more than zero but less than $100. zero

Question 9 3 pts Assume that marginal revenue equals rising marginal cost at 100 units of output. At this output level, a profit-maximizing firm's total fixed cost is $600 and its total variable cost is $400. If the price of the product is $10 per unit and the fırm produces 100 units, the firm will earn an economic profit of $400. more than $100. more than zero but less than $100. zero

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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File 5 R24 Undo AKIT 12345678 234 1 14 15 1 67 1 1 1 9 1 10 1 1 11 1 12 1 13 1 1 16 1 1 1 Home Insert Draw Page Layout Formulas 1 1 Paste Clipboard N MOTN B L 0 1 2 3 4 5 6 7 8 9 10 11 12 13 17 18 19 20 21 22 Fixed Costs = 23 24 25 14 15 16 17 18 OPOLEEEEE X ✓ fx C D TP MPP 0 12 26 41 55 68 Arial 80 91 101 110 118 125 131 136 BIU 140 143 145 146 146 V ✓10 Font E FC V V F VLC A^ A Data Review View Automate Help IN G VMC Alignment H TVC TC 7 General $ V J AFC % 9 Number $5K interest and principle, insurance and property tax + $1 K Lawyer's retainer + $2K Government Regulation compliance manager + $1K HR/diversity compliance manager + $2.5K accountant + $3K principal's opportunity cost ←.0 .00 K AVTC →.0 5 Conditional Format as Formatting Table ✓ Styles ATC M MC Cell Styles N * Insert Delete Format Cells V P 图M Σ AT Sort & Find & Filter Select ✓ Editing R Comments Analyze Data Analysis = S Share T Column A: K = units of capital Column B: L = Column C: TP = Column D: MPP = Marginal…
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