The following is a total cost curve. Total cost ($) 1000 900- 800- 700- 600- 500- 400- 300- 200 100+ ok 0 Q TC Q 50 100 150 200 250 300 350 Quantity (q) G On the diagram to the right, sketch the corresponding marginal cost curve. Using the multipoint curved line drawing tool, draw the firm's marginal cost curve. Label this curve 'MC'. Note: Use the multipoint curved line drawing tool one time to draw the entire curve. If the price of output is $4.00 and there are no fixed costs, what is the profit-maximizing level of output? The firm will maximize profits by producing units of output. (Enter your response as an integer.) Marginal cost per unit ($) 10.00 9.00 8.00 7.00 6.00 5.00- 4.00 3.00 2.00- 1.00- 0.00+ 0 50 100 150 200 Quantity (q) MC 250 300 350 After plotting the final point of your multipoint curve, press the Esc key on your keyboard to end your curve.

The following is a total cost curve. Total cost ($) 1000 900- 800- 700- 600- 500- 400- 300- 200 100+ ok 0 Q TC Q 50 100 150 200 250 300 350 Quantity (q) G On the diagram to the right, sketch the corresponding marginal cost curve. Using the multipoint curved line drawing tool, draw the firm's marginal cost curve. Label this curve 'MC'. Note: Use the multipoint curved line drawing tool one time to draw the entire curve. If the price of output is $4.00 and there are no fixed costs, what is the profit-maximizing level of output? The firm will maximize profits by producing units of output. (Enter your response as an integer.) Marginal cost per unit ($) 10.00 9.00 8.00 7.00 6.00 5.00- 4.00 3.00 2.00- 1.00- 0.00+ 0 50 100 150 200 Quantity (q) MC 250 300 350 After plotting the final point of your multipoint curve, press the Esc key on your keyboard to end your curve.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

The firm will maximize profits by producing____ units of outputs (Enter your response as an integer.)

The following is a total cost curve.
Total cost ($)
1000
900-
800-
700-
600+
500-
400-
300-
200
100-
0-
TC
50 100 150 200 250 300 350
Quantity (q)
ON
On the diagram to the right, sketch the corresponding marginal cost curve.
Using the multipoint curved line drawing tool, draw the firm's marginal cost curve. Label this curve 'MC'.
Note: Use the multipoint curved line drawing tool one time to draw the entire curve.
If the price of output is $4.00 and there are no fixed costs, what is the profit-maximizing level of output?
The firm will maximize profits by producing units of output. (Enter your response as an integer.)
Marginal cost per unit ($)
10.00-
9.00-
8.00-
7.00
6.00-
5.00-
4.00
3.00-
2.00-
1.00-
0.004
0
50
100
150 200
Quantity (q)
MC
250 300 350
Q
Q
After plotting the final point of your multipoint curve, press the Esc key on your keyboard to end
your curve.

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