Questions A.12-A.17: Here is cost data for a single firm in a competitive industry. Apply the MR-MC profit-maximizing rule. SEE NOTE ON PAGE 1. A.12 If P = $35, the firm will supply units and earn profits of $ A.13 If P = $45, the firm will supply units and earn profits of $ A.14. If P = $55, the firm will supply units and earn profits of $ A.15. If P= $60 and there are 200 identical firms with this cost data, the quantity supplied in the market will be with each firm earning a profit of $ TP 0 1 2 3 4 5 6 7 8 AFC *** $70 35 23 18 14 12 10 9 AVC *** ATC MC *** $40 $110 38 73 40 63 43 61 46 60 50 62 53 63 57 65 *** $40 36 44 52 60 68 72 80 A.16. If P $70 and there are 400 identical firms with this cost data, the quantity supplied in the market will be with each firm earning a profit of $ 17 If P$80 and there are 600 identical firms with this cost data, the quantity supplied in the market will
View History Bookmarks Profiles Tab Window Help Current Students | Minneapol X MINNEAPOLIS COMMUNITY & Trock COLLEGE Communications Z minneapolis.learn.minnstate.edu/d21/le/content/6153940/viewContent/61105502/View 2 of 5 Su23 ECON 2200-80 Principles of Micro... ts Activity Files Activity 6 Question List ty 6 Question List ...: Activity 6: Chapter 10- Su23 X Assessments ♥ Resources A.12 If P = $35, the firm will supply $____ 2 Questions A.12-A.17: Here is cost data for a single firm in a competitive industry. Apply the MR - MC profit-maximizing rule. SEE NOTE ON PAGE 1. W S - A.13 If P = $45, the firm will supply____ units and earn profits of $ X A.14. If P = $55, the firm will supply_____ units and earn profits of #3 −1+ A.15. If P = $60 and there are 200 identical firms with this cost data, the quantity supplied in the market will be with each firm earning a profit of $_ D Activity 6 Question List - Su2 X Automatic Zoom units and earn profits of 4 C R Technology Help Training Videos ✓ F % PLO 5 JUL 1 TP 13 0 1 2 3 T 4 5 6 7 8 BOD DOD 000 V AFC A.16. If P = $70 and there are 400 identical firms with this cost data, the quantity supplied in the market will be with each firm earning a profit of $ 6 *** A.17 If P = $80 and there are 600 identical firms with this cost data, the quantity supplied in the market will C G $70 53 3 4 19 23 18 14 12 10
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