Long run impact of price , marginal revenue, average total cost and quantity supplied by the firm and quantity supplied to the market.

Question

What was the amount of revenue that Airbnb reported for 2024? Did the revenue grow over the prior year of 2023? What was the dollar and the percentage increase or decrease? What was the amount of net income or net loss that Airbnb reported for the year of 2024? Did the net income increase or decrease versus the prior year of 2023? What was the dollar and the percentage increase or decrease?

Answer 1

Question

Chapter 14, Problem 8PA

(a):

To determine

Long run impact of price, marginal revenue, average total cost and quantity supplied by the firm and quantity supplied to the market.

(b):

To determine

Illustrate the current situation by using graph.

(c):

To determine

Change in the price.

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What was the amount of revenue that Airbnb reported for 2024? Did the revenue grow over the prior year of 2023? What was the dollar and the percentage increase or decrease? What was the amount of net income or net loss that Airbnb reported for the year of 2024? Did the net income increase or decrease versus the prior year of 2023? What was the dollar and the percentage increase or decrease?

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