25020015010050025020015010050$00010PL-MFCL-MRPL-VMPFig A.MRP10VMPL20 30O (d) fig A and fig. BO(e) fig C and fig DFig C.204030 4050PL-MFCL5025020015010050025020015010050$0SMRPL-VMPL10VMPLMRP10Fig B.2020Fig D.05 Which of the above figures represents a firm facing competition in its product market?O (a) fig AⒸ (b) Fig BO (c) fig C30304040MFCL50LsMFC50LS

In Figure A, the firm's Marginal Revenue (MR) curve is situated below its Marginal Factor Cost (MFC)…

250 200 150 100 50 0 250 200 150 100 50 $ 0 0 0 10 Fig A. MRPL-VMP -PL-MFCL- MRP 20 30 VMPL Fig C. 10 20 30 40 40 50 PL-MFCL 50 250 200 150 100 50 250 200 150 100 50 0 $ EA 0 EA 0 MRPL-VMPL 10 VMPL MRP 10 Fig B. 20 20 Fig D. 30 05 Which of the above figures represents a firm facing competition in its product market? O (a) fig A (b) Fig B O (c) fig C O (d) fig A and fig B O(e) fig C and fig D 30 40 40 MFCL 50 Ls MFC LS 50

250 200 150 100 50 0 250 200 150 100 50 $ 0 0 0 10 Fig A. MRPL-VMP -PL-MFCL- MRP 20 30 VMPL Fig C. 10 20 30 40 40 50 PL-MFCL 50 250 200 150 100 50 250 200 150 100 50 0 $ EA 0 EA 0 MRPL-VMPL 10 VMPL MRP 10 Fig B. 20 20 Fig D. 30 05 Which of the above figures represents a firm facing competition in its product market? O (a) fig A (b) Fig B O (c) fig C O (d) fig A and fig B O(e) fig C and fig D 30 40 40 MFCL 50 Ls MFC LS 50

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Q 0 1 2 U 3 4 5 6 7 8 9 10 TC (in millions) $50 54 56 57 59 62 66 72 80 92 110 TVC 0 4 6 7 9 12 16 22 30 42 60 AVC n/a 4 3 2.34 2.25 2.4 2.6 3.143 3.75 4.6 6 AFC n/a 50 28 19 14.75 12.4 11 10.28 10 10.22 11 ATC n/a 54 28 19 14.75 12.4 11 10.28 10 10.22 11 MC 54 56 57 59 62 66 72 80 92 110 125 1.what is the efficient capacity? if there is any 2. in one diagram, draw the manufacturer's AVC,ATC,and MC curves? TFC
TP/ Q PRICE TR MR AR TC MC PROFIT 0 50 0 0 0 120 30 -120 1 50 50 50 50 150 25 -100 2 50 100 50 50 175 18 -75 3 50 150 50 50 193 25 -43 4 50 200 50 50 218 30 -18 5 50 250 50 50 248 34 2 6 50 300 50 50 282 40 18 7 50 350 50 50 322 50 28 8 50 400 50 50 372 55 28 9 50 450 50 50 427 58 23 10 50 500 50 50 485 15 1. What is the output level that maximizes the profit? 2. At this level, how much are the firm's profit? 3. Identify the level at which the firm should shut down?
Q 0 1 2 3 4 5 6 TC 8 14 18 20 24 30 40 TVC 0 6 10 12 16 22 32 ATC n/a 14 AVC n/a 6 MC n/a 6
Plant sizes get larger as you move from ATC-1 to ATC-4. Output 1,500 2,000 2,500 3,000 3,500 4,000 4,500 5,000 5,500 6,000 ATC-1 $ 10 8 9 12 15 18 20 24 29 35 ATC-2 15 12 10 8 6 10 12 15 19 25 ATC-3 $ 20 17 15 13 11 9 7 11 13 15 ATC-4 $ 30 25 20 18 16 14 12 10 8 9 In the long run, the firm should use plant size ATC-3 for what level of output?
O Night Project Directions School x E Ahmad Awadallah - Night Proje x Ahmad Awadallah - Night Projec xe Night Project Slideshow | School xO Ahmad Aladallah - Night Proje X Schoology i nisd.schoology.com/common-assessment-delivery/start/47388160537action=onresume&submissionld=455861284 N Northside ISD COURSES LMS GROUPS a 8 国区 RESOURCES GRADE REPORT Economics Test #1 M Which is an example of a secondary economic activity? O Growing corn on a farm for export. O Growing just enough food for one's immediate family. O Working in a car factory. 5 6 7 8 10 11 12 13 14 Next English Support I Schoology Blog I PRIVACY POLICY I Terms of Use 4550612648 tps://nisdschoology.com/commonassessment delvery/start473886053actions P Type here to search D PM /2021 fre bal mate CREATIVE F9 F10 FI F12 PRTSC ScRLK PAUSE INS HOME PGUP CO 11 DEL END PODH CHO
Utilize the following table to answer the following question: O Q-5 O Q-3 Q 0 1 7 8 9 10 Q=4 O Q-1 2 3 4 5 6 TC 30 55 75 85 100 120 145 185. 240 310 395 MC N/A 25 20 10 15 20 25 40 55 70 85 TVC N/A 25 45 55 70 90 115 155 210 280 365 TFC 30 30 30 30 30 30 30 30 30 30 30 AVC N/A 25 22.5 18.33333 17.5 18. 19.16667 22.14286 26.25 31.11111 36.5 ATC N/A 55 Question: Suppose that the prevailing price in the market drops to $16. What output level maximizes profit for the firm? 37.5 28.33333 25 24 24.16667 26.42857 30 34.44444 39.5
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Rate My X Amazon. X G the solov X unc.edu/portal/site/8eaf91f5-c677-433e-8847-bd959eb5d0f9/tool/4a551cdb-9548-4116-aac8-ae76c145bc59/Showltem?returnView=&studentlteml. INA 155 Time Remaining: 00:24:09 A Hide Time Remaining A The table shows the maximum amount that 6 different students are willing to pay for a used textbook. Assume each student only buys one book. If the market price of a used textbook is $68, what is the value of consumer surplus in this market? Buyer Value $75 $50 Breanne Nesreen Shreeva $60 $90 Peyton Will $85 $70 Kayla A. between $35 and $40 O B. less than $30 O C. between $30 and $35 O D. more than $40 Reset Selection Show all HE SL.mp3 8:49 AM ch for anything 5/13/2021
K L Q MPL APL (Q/L) VML (MPL*P) FC VC (L*150) TC 5 0 0 0 0 5 1 50 50 50 50 25 150 175 5 2 125 75 62.5 150 25 300 325 5 3 225 100 75 200 25 450 475 5 4 375 150 93.7 300 25 600 625 5 5 450 75 90 150 25 750 775 5 6 450 0 75 0 25 900 925 5 7 400 -50 57.14 -100 25 1050 1075 5 8 425 -75 53.12 -150 25 1200 1225 5 9 450 -25 50 -50 25 1350 1375 5 10 500 -50 50 -100 25 1500 1525 5 11 525 25 47.7 50 25 1650 1675 Define the Firm’s Variable Costs. Next, what is the VC in the Table above?
K L Q MPL APL (Q/L) VML (MPL*P) FC VC (L*150) TC 5 0 0 0 0 5 1 50 50 50 50 25 150 175 5 2 125 75 62.5 150 25 300 325 5 3 225 100 75 200 25 450 475 5 4 375 150 93.7 300 25 600 625 5 5 450 75 90 150 25 750 775 5 6 450 0 75 0 25 900 925 5 7 400 -50 57.14 -100 25 1050 1075 5 8 425 -75 53.12 -150 25 1200 1225 5 9 450 -25 50 -50 25 1350 1375 5 10 500 -50 50 -100 25 1500 1525 5 11 525 25 47.7 50 25 1650 1675 Define firm’s fixed costs. Next, what is Firm’s FC in the Table above. Why?
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