The firm would maximize profit by charging a) $500, 600 b) $400, 675 c) $750; 500 d) $400, 500 per unit and producing ? per year

Q: ATC is decreasing, is ATC is above (greater), equal, or less (below) than MC? ________ choose one…

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Q: Calculate the economic profit at the profit-maximizing quantity you identified in part (a). Show…

A: An economic profit or loss is the difference between the revenue gained from the sale of an output…

Q: Which of the following is an example of a variable cost for a bookstore? a) Rent for the store…

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Q: If the firm is maximizing its profits when the price is $12, its total cost is: a) $1200 b) $700…

A: A competitive firm maximizes profit by producing at P=MC

Q: g) What will be the firm’s total fixed costs?

A: Fixed cost is that component of total cost that is independent of the output level.

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A: The average variable cost is the total variable cost per unit of output. The total variable cost is…

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A: Since the second part of the question is not complete, we can provide you only the answer for the…

Q: At the profit maximizing output level of 100, the price of the output is 25, the fixed costs are…

A: Given information: The profit-maximizing level output of the firm is 100. The price of output is 25.…

Q: A donut shp has a fixed cost of $92000 per day and a varibale cost of $2 for each donut produced. If…

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A: The equations are given as follows:  MC=q+35MR=560+22q-q2                                       We…

Q: Which of the following statements is (are) correct? (x)  In the short run, if a firm produces…

A: Fixed cost is the cost incurred by the producer for the purchase of fixed inputs. These costs do not…

Q: A firm in a perfectly competitive industry has fixed costs of FC = 15, marginal costs of MC = 5 +…

A: Formulas of cost: 1. AVC  = TVC * q 2. TC = TVC + TFC where, AVC is Average Variable Cost TVC is…

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A: In part A, we are maximizing the total revenue of the firm and in part B we are maximizing the total…

Q: a large-scale producer selling a wide range of soft drinks. (a) Outline and explain the sources of…

A: Diseconomies of scale occur when a business grows so large that the costs per unit increase. It…

Q: The following production table gives estimates of the maximum amounts of output possible with…

A: The change in output brought on by one more unit of input is known as the marginal product. It is…

Q: Output 012345 Total Cost $15 100 145 205 290 410 If market price is $100, the maximum profit the…

A: In a competitive market, no single buyer or seller can influence the price(P) of the product.…