:12 Refer to the figure below. When the MC₂ line crosses the D₂ line, profits for the firm are P AC Pa L Monopoly profit MR₂ Multiple Choice 1 Loss when P= MC 4 2 D AU MC Z per year
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- In choosing a production technology, how will firms react if one input becomes relatively more expensive?1. ThedemandfunctionforagoodisgivenbytheequationP=a−bQwhilethetotalcost function is TC = dQ2 + eQ + f, where a, b, d, e and f are positive constants. (a) Derive the equation for profit.(b) Derive an expression for the value of Q for which profit is maximised.The manager of the donut shop tells you that hesells donuts for $1 each, and that if he were to makeadditional donuts, based on his current level ofoutput, it would cost him $0.80 per donut. Do yourecommend that the manager increase or decreasethe number of donuts he makes?
- Plz answer all the you will gate upvoteSu Jappose that the profit function tor a com modity X)=-0.01x2+20x-1990 where 3. X13 the number of Acms sold, Find the marginal profit at x=50 and tell what ;it tems so predizds.Output TFC TVC TC MC ATC A 25 25 В 1 25 25 50 25 50 C 2 25 40 65 32.5 3 25 70 95 E 25 110 33.75 F 5 25 160 50 What is the marginal cost of the 4th unit of output? 40 25 50 Cannot be determined.
- S InPrivate O Dashboard MindTap - Cengage Lea X O My Questions | bartleby A https://ng.cengage.com/static/nb/ui/evo/index.html?deploymentld=56736610685718221329898682&elSBN=9781337096577&snapshotld=1556207&id3692! O * ... CENGAGE MINDTAP Q Search this course >> ECO201 Homework (Ch 15) Place the black point (plus symbol) on the following graph to indicate the profit-maximizing price and quantity of a monopolist. (? A-Z Monopoly 5.0 4.5 Monopoly Outcome 4.0 3.5 3.0 Deadweight Loss 2.5 Eorg 2.0 MC 1.5 1.0 0.5 MR 0 50 100 150 200 250 300 350 400 450 500 QUANTITY (Hot dogs) Consider the welfare effects when the industry operates under a competitive market versus a monopoly. On the monopoly graph, use the black points (plus symbol) to shade the area that represents the loss of welfare, or deadweight loss, caused by a monopoly. That is, show the area that was formerly part of total surplus and now does not accrue to anybody. Deadweight loss occurs when a monopoly controls a market because the…Exercise Assume the yield of maize and wheat are given below with its selling price of birr 7 and 10 per quintal respectively. If only 10 units of inputs with a Price of 40 Birr per unit were used. Then: 1. A. What is the profit maximizing combination of output ? В. what is the maximum profit? of Yield wheat (Y2) of Return from Return from TR Yield TC Profit Maize (Y1) maize wheat 78 780 780 400 380 10 76 70 760 830 400 430 20 72 140 720 860 400 460 30 67 210 670 880 400 480 40 60 280 600 880 400 480 50 48 350 480 830 400 430 60 28 420 280 700 400 300 70 490 490 400 90answer this question bu not on excel
- Do step by step. No excel plsu.om/mod/quiz/attempt.php?attempt3D1579003&cmid%=812962&page%3D19 System (Academit oles of Microeconomics Spring20 fall20 Price MC ATC of P2 P3 stion Q, Q2 Q3 Quantity/time MR Refer to the above figure. Economic profits for this firm are Select one: O a. undetermined without more information. O b. zero. C. positive. O d. negative. pe here to search hpComplete the following table. Missing values are denoted by a number inside parentheses (X). Place your answers in the corresponding numbered fields below the table. Quantity FC VC TC AFC AVC ATC MC 0 144 0 (1) 1 2 3 4 --- --- (2) (3) 179 (4) (5) (6) (8) (9) (10) (11) 30 (14) (15) (16) (17) (18) (19) 15 (20) (21) (22) (23) (24) 60 (25) (7) m (12) (13)