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Please help!! I don't understand all these concepts! Thank you and have a wonderful day :) Questions are listed on the image it's A) to

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Please help!! I don't understand all these concepts! Thank you and have a wonderful day :) Questions are listed on the image it's A) to H)

image text in transcribed
Lessons Assessments Gradebook Email As always, make certain you label all axes and curves. Slothco is a firm in a perfectly competitive, constant-cost industry. Its total cost function is shown below. Units Total Cost 56 $10 $15 524 $40 1560 What is Slothso's marginal cost for its oth unit? bj What does it mean to ity Stotheo is a "price-taker?" C) Assume the market price is $4, What is Slothes's profit-maximizing or left-minimizing level of output? Explain. ") Based on your answer to part (). what is the value of Slexico's economic profit or lom? Using two completely labeled side by.hide graphs illustrike how the market sets the short-ron demand or Slothco. (Base your graphs of the perfect competition n bode not the prior cata) Label the market equilibrium price P. and quanti " Label the profit-maximizing quantity for Slothce Q. Assume that Toines is earning normal profi toillustrate the short-run effect of an increase in manset demand on your graphs from pain tell Label the new market equilibrium price w and quantity Quis Level thi new profit-maximizing quantity for Slot Q . Shade completely the ares of Slotco : econom sprout or le: gl What would happen to this industry in the long run and to Bothco's eagnamix profit or loss if it stay : in the industry? Explain. In) in two side- by-side graphs draw a new perfectly competitive market: and individual firm experiencing short-run economic losses. Alustrate what will happen to the market in the long run and the impact on the firm's losses. Be sure to completely label your graphs Download Eli 9 e

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