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- Please answer all 1. Coldwater Bicycle Company operates its factories at capacity and holds a dominant market position in its home country. When it receives a premium priced order from a new customer in another country, it must decide whether to fill that order or continue to supply the full demand in its home market. When it decided not to completely fill the new order, it incurred Group of answer choices a. Sunk costs b. Average costs c. Opportunity costs d. Marginal costs 2. What might happen if a car dealership is awarded a bonus by the manufacturer for selling a certain number of its cars monthly, but the dealership is just short of that quota near the end of the month? Group of answer choices a. Potential buyers will lose buying power at the dealer b. It may sell the remaining cars at huge discounts to hit the quota c. It creates an incentive to sell cars from different manufacturers d. It would ruin the relationship between dealer and manufacturer…How would I do this? Just DNone
- How would I do this?Please no written by hand A profitable firm becomes unprofitable following the ban of cheap plastics used in its production. Show this on the cost and revenue graph, the profit graph, and the production graph. Be specific in your labels, indicating carefully the shifts in the curves, if any.( Hand graph please)Name atleast 2 business or service in the Philippines that is an example of perfect competition
- constant SavedSaved Question 11 Question 12 Which graphs represents the long run equilibrium for a perfectly competitive firm? P P MC ATC D P MC D ATC 0 0 Quantity (A) Quantity MR MR (B) MC MC P ATC D=MR ATC D 0 Quantity (C) 0 Quantity MR (D) Selected answer will be automatically saved. For keyboard navigation, press up/down arrow keys to select an answer. a A b B C C d D Question 13 Please review the graph below containing a dDiscuss where does the shutdown being and why? What does the company has to do to get back to supernormal profit?Hand written solutions are strictly not acceptable.
- True/False Under perfect competition, firms profit in the long run will be abnormal profits.PROBLEM 1 Suppose a single firm has total costs of production given by the equation TC = 4q+59² - 9³ and marginal cost given by: MC = 4 + 10q-q² where q> 0, is the quantity produced by a single firm. 1. Find the breakeven price and quantity for this firm? 2. Graph your findings by showing the breakeven price and quantity for this firm. ANSWERUniversity Advancd Microeonomics, Theory of Production, Non-Essay question
