Question 10 Not yet answered Marked cut of Price 1-00 MC V Flag question Consider the following figure which shows the cost curves and demand curve for a firm in a perfectly competitive market. A prot maximizing rm will choose to produce an output level equal to: 25 35 70 100 Quantity (q) Select cine: O a. 25 O h. 35 O c. 70 0 d. 100 Question 12 Consider the following figure which shows the cost curves and demand curve for a firm in a perfectly competitive market. In the short-run the firm earns a profit of: Not yet answered Marked out of Price 1.00 MC Flag question $40 ATC $25 Price AVC $15 $12 $10 25 35 70 100 Quantity (q) Select one: a. $700 O b. $70 O c. $0 d. Unknown based on the information provided.Question 13 Consider the following figure which shows the cost curves and demand curve for a firm in a perfectly competitive market. In the long-run, the firm will charge a price equal to: Not yet answered Marked out of 1.00 Price Flag question MC $40 ATC $25 Price $15 AVC $12 $10 25 35 70 100 Quantity (q) Select one: O a. $10 O b. $12 O c. $25 O d. Unknown based on the information provided.Question 1 1 Consider the following figure which shows the cost curves and demand curve for a firm in a perfectly competitive market. The shut-down price for this firm is: Not yet answered Marked out of 1.00 Price Flag MC question $40 ATC $25 Price AVC $15 $12 $10 25 35 70 100 Quantity (q) Select one: O a. $10 O b. $12 O C. $25 O d. Unknown based on the information provided.Queiton 1 4 Not yet answered The following gute shows the amt curves. demand {:urver and marginal revenue curve tot a single-pnced monopoly. What output level would the monopolist choose to produce at? Marked out of 1.00 P Flag 5 question 540 $32 $30 $25 $23 $20 $10 480 900 1,200 2,400 600 Quantity Select one: C) a' 480 O b. 600 O c. 900 0 d. 2,400 Question 17 The following figure shows the cost curves, demand curve, and marginal revenue curve for a single-priced monopoly. Calculate the deadweight loss associated with this monopoly. Not yet answered Marked out of 1.00 Flag MC question $40 $32 ATC $30 $25 $23 $20 $10 MR Demand 480 900 1,200 2,400 600 Quantity Select one: O a. $0 O b. $1,500 O c. $3,000 O d. $4,500Qua'9\" 15 The following gure Shows the cost curves. demand curver and marginal revenue curve for a single-priced monopoly. What price does the monopolist charge? Not yet answered Marked out of 1m 7 Flag s ques'lion $40 $32 $30 $25 $23 520 $10 480 900 1,200 2,400 500 Qua ntity Select one: 0 a. $32 0 b. $30 0 c' 325 0 d. $20 Question 16 The following figure shows the cost curves, demand curve, and marginal revenue curve for a single-priced monopoly. Calculate the firm's profits. Not yet answered Marked out of 1.00 Flag MC question $40 $32 ATC $30 $25 $23 $20 $10 MR Demand 480 900 1,200 2,400 600 Quantity Select one: O a. $4,200 O b. $4,500 O c. $6,000 O d. $0
