Filling of table with marginal cost, average variable cost of both firm A and firm B.

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Answer 1

Question

Chapter 22, Problem 16CQ

(a)

To determine

Filling of table with marginal cost, average variable cost of both firm A and firm B.

(b)

To determine

Lowest price at which firm A will produce.

(c)

To determine

The output produced by firm A at the lowest price.

(d)

To determine

Lowest price at which firm A will produce.

(e)

To determine

The output produced by firm B at the lowest price.

(f)

To determine

Production of firm A when the market price is $20.

(g)

To determine

Production of firm B when the market price is $20.

(h)

To determine

Firm achieves higher profit or smaller loss in the case of fixing a $20 as price, when its fixed cost is $20.

(i)

To determine

Net profit and Net loss of two firms.

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Problema 4 (20 puntos): Supongamos que tenemos un ingreso de $120 y enfrentamos los precios P₁ =6 y P₂ =4. Nuestra función de utilidad es: U(x1, x2) = x0.4x0.6 a) Planteen el problema de optimización y obtengan las condiciones de primer orden. b) Encuentren el consumo óptimo de x1 y x2. c) ¿Cómo cambiará nuestra elección óptima si el ingreso aumenta a $180?

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Answer 2

Question

Chapter 22, Problem 16CQ

(a)

To determine

Filling of table with marginal cost, average variable cost of both firm A and firm B.

(b)

To determine

Lowest price at which firm A will produce.

(c)

To determine

The output produced by firm A at the lowest price.

(d)

To determine

Lowest price at which firm A will produce.

(e)

To determine

The output produced by firm B at the lowest price.

(f)

To determine

Production of firm A when the market price is $20.

(g)

To determine

Production of firm B when the market price is $20.

(h)

To determine

Firm achieves higher profit or smaller loss in the case of fixing a $20 as price, when its fixed cost is $20.

(i)

To determine

Net profit and Net loss of two firms.

Expert Solution & Answer

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Answer 3

Question

Chapter 22, Problem 16CQ

(a)

To determine

Filling of table with marginal cost, average variable cost of both firm A and firm B.

(b)

To determine

Lowest price at which firm A will produce.

(c)

To determine

The output produced by firm A at the lowest price.

(d)

To determine

Lowest price at which firm A will produce.

(e)

To determine

The output produced by firm B at the lowest price.

(f)

To determine

Production of firm A when the market price is $20.

(g)

To determine

Production of firm B when the market price is $20.

(h)

To determine

Firm achieves higher profit or smaller loss in the case of fixing a $20 as price, when its fixed cost is $20.

(i)

To determine

Net profit and Net loss of two firms.

Expert Solution & Answer

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Answer 4

Question

Chapter 22, Problem 16CQ

(a)

To determine

Filling of table with marginal cost, average variable cost of both firm A and firm B.

(b)

To determine

Lowest price at which firm A will produce.

(c)

To determine

The output produced by firm A at the lowest price.

(d)

To determine

Lowest price at which firm A will produce.

(e)

To determine

The output produced by firm B at the lowest price.

(f)

To determine

Production of firm A when the market price is $20.

(g)

To determine

Production of firm B when the market price is $20.

(h)

To determine

Firm achieves higher profit or smaller loss in the case of fixing a $20 as price, when its fixed cost is $20.

(i)

To determine

Net profit and Net loss of two firms.

Expert Solution & Answer

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Check out a sample textbook solution

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Answer 5

Chapter 22, Problem 16CQ

(a)

To determine

Filling of table with marginal cost, average variable cost of both firm A and firm B.

(b)

To determine

Lowest price at which firm A will produce.

(c)

To determine

The output produced by firm A at the lowest price.

(d)

To determine

Lowest price at which firm A will produce.

(e)

To determine

The output produced by firm B at the lowest price.

(f)

To determine

Production of firm A when the market price is $20.

(g)

To determine

Production of firm B when the market price is $20.

(h)

To determine

Firm achieves higher profit or smaller loss in the case of fixing a $20 as price, when its fixed cost is $20.

(i)

To determine

Net profit and Net loss of two firms.

Answer 6

Chapter 22, Problem 16CQ

(a)

To determine

Filling of table with marginal cost, average variable cost of both firm A and firm B.

Answer 7

Chapter 22, Problem 16CQ

(a)

To determine

Filling of table with marginal cost, average variable cost of both firm A and firm B.

Answer 8

(b)

To determine

Lowest price at which firm A will produce.

Answer 9

(b)

To determine

Lowest price at which firm A will produce.

Answer 10

(c)

To determine

The output produced by firm A at the lowest price.

Answer 11

(c)

To determine

The output produced by firm A at the lowest price.

Answer 12

(d)

To determine

Lowest price at which firm A will produce.

Answer 13

(d)

To determine

Lowest price at which firm A will produce.

Answer 14

(e)

To determine

The output produced by firm B at the lowest price.

Answer 15

(e)

To determine

The output produced by firm B at the lowest price.

Answer 16

(f)

To determine

Production of firm A when the market price is $20.

Answer 17

(f)

To determine

Production of firm A when the market price is $20.

Answer 18

(g)

To determine

Production of firm B when the market price is $20.

Answer 19

(g)

To determine

Production of firm B when the market price is $20.

Answer 20

(h)

To determine

Firm achieves higher profit or smaller loss in the case of fixing a $20 as price, when its fixed cost is $20.

Answer 21

(h)

To determine

Firm achieves higher profit or smaller loss in the case of fixing a $20 as price, when its fixed cost is $20.

Answer 22

(i)

To determine

Net profit and Net loss of two firms.

Answer 23

(i)

To determine

Net profit and Net loss of two firms.

Answer 24

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Answer 25

Expert Solution & Answer

Answer 26

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Answer 27

Ch. 22 - Prob. 1CQ Ch. 22 - Prob. 2CQ Ch. 22 - Prob. 3CQ Ch. 22 - Prob. 4CQ Ch. 22 - Prob. 5CQ Ch. 22 - Suppose that the development of a new...Ch. 22 - Prob. 7CQ Ch. 22 - Prob. 8CQ Ch. 22 - Prob. 9CQ Ch. 22 - Prob. 10CQ

Filling of table with marginal cost, average variable cost of both firm A and firm B.

Filling of table with marginal cost, average variable cost of both firm A and firm B.

Lowest price at which firm A will produce.

The output produced by firm A at the lowest price.

Lowest price at which firm A will produce.

The output produced by firm B at the lowest price.

Production of firm A when the market price is $20.

Production of firm B when the market price is $20.

Firm achieves higher profit or smaller loss in the case of fixing a $20 as price, when its fixed cost is $20.

Net profit and Net loss of two firms.

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Chapter 22 Solutions