FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Help answer asap Industry Firm ATC -PI-MR 14.2 Po-MRa 9.6 800 900 1,000 20 24 Answer the following question based off of the graphs above,

image text in transcribed

Help answer asap

image text in transcribed
Industry Firm ATC -PI-MR 14.2 Po-MRa 9.6 800 900 1,000 20 24 Answer the following question based off of the graphs above, which depict a perfectly competitive industry and firm: If the industry or market is in equilibrium at point B, where will the firm choose to operate and what are the economic profits (losses) at that point? O Q-900; Economic profits-$80 Q 20; Economic profits=-$91.2 Q-900; Economic profits $96 O Q-24: Economic profits $91.2

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cambridge International AS And A Level Economics Coursebook

Cambridge International AS And A Level Economics Coursebook

Authors: Colin Bamford, Susan Grant

3rd Edition

1107679516, 978-1107679511

More Books

Students also viewed these Economics questions

Question

★★★★★
If a cylindrical rod of nickel 100.00 mm long and 8.000 mm in diameter is heated from 20C to 200C while its ends are maintained rigid, determine its change in diameter. You may want to consult Table...

Answered: 1 week ago

Question

★★★★★
Why are the temporary accounts closed to the owners capital account at the end of the accounting period?

Answered: 1 week ago

Question

★★★★★
Did the researcher consider their own prejudices and biases that might affect data collection? If a research team was used, how sensitive were team members to cultural issues? Was training provided...

Answered: 1 week ago

Question

★★★★★
Cerulean, Inc., Coral, Inc., and Crimson, Inc., form the Three Cs Partnership on January 1 of the current year. Cerulean is a 50% partner, and Crimson and Coral are 25% partners. For reporting...

Answered: 1 week ago

Question

★★★★★
4. (5) Assume that the following additions are done on 7 bit hardware. Find the totals assuming that signed representation is used. - 100 - 100 - 50 - 50 50 50 100 100

Answered: 1 week ago

Question

★★★★★
Gotbucks Bank, Inc. (dollars in millions) Assets Liabilities and Equity Cash 36 Core deposits 38 Federal funds 26 Federal funds 56 Loans (floating) 111 Euro CDs 136 Loans (fixed) 71 Equity 14 Total...

Answered: 1 week ago

Question

★★★★★
Sal Adamo's pizzeria struggles with completing orders on time on the weekends, and the customers aren't happy. Sal pulled his team together for a meeting and asked them for feedback on the problems....

Answered: 1 week ago

Question

★★★★★
1. Using your knowledge of Industry Structure, is the consumer electronic retail Industry (Best Buy) attractive to compete in for incumbent firms? Please explain. Buyer Power- Players- Underlying...

Answered: 1 week ago

Question

★★★★★
What is your opinion about individuals' voluntary behaviors that shape social structures? Feel free to provide a personal example of when you saw something in a social media user's post that inspired...

Answered: 1 week ago

Question

★★★★★
Please give me a heads up on - "I really like this work and the people at Glass Top Restaurant" said Joe, a server. "But I think I could do more if I had the chance!" "Well," repliedBino, a cook, "We...

Answered: 1 week ago

Question

★★★★★
Forces of 18 pounds and 9 pounds act on each other with an angle of 161. Round the magnitude to 4 decimal places and the angles to one decimal place. The magnitude of the resultant force 9.93237...

Answered: 1 week ago

Question

★★★★★
As a Compliance officer what you will do the in case: 1. "monitoring and reviewing tool" done by your department; 2.about the "compliance missions done" in your organization, 3."consequences of...

Answered: 1 week ago

Question

★★★★★
Is it necessary to change something in your everyday life in order for you to achieve the goal?

Answered: 1 week ago

Question

★★★★★
What comments do you get from the outside world in the imagined future when you have achieved what you wanted?

Answered: 1 week ago

Question

★★★★★
14. Think of a positive experience in your life, once you experienced that you had great creativity, great insight or a very strong concentration around some-thing you focused strongly on achieving....

Answered: 1 week ago

Previous Question Next Question