This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The graph shows the demand curve (D), marginal revenue curve (MR), long-run average cost curve ... (Read 739 times)

jenniferbaugh1984

  • Full Member
  • ***
  • Posts: 158
on: Nov 23, 2022
The graph shows the demand curve (D), marginal revenue curve (MR), long-run average cost curve (LRAC), and long-run marginal cost curve (LRMC) for a firm in a monopolistically competitive industry.



Assume that P1=$140, P2=$241, P3=$364, P4=$414, Q1=50, and Q2=185. At the profit-maximizing level of output, the firm earns an economic profit of ________ so firms will ________ (enter/exit) the market.
Please round your final answer to two decimal places.
◦ $6150.00, exit
◦ $11,200.00, exit
◦ $41,440.00, enter
◦ $22,755.00, enter
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by jenniferbaugh1984 on Nov 23, 2022

kugyo01

  • Full Member
  • ***
  • Posts: 156
Reply #1 on: Nov 23, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 29% of students answer this correctly


jenniferbaugh1984

  • Member
  • Posts: 158
Reply 2 on: Nov 23, 2022
YES! Correct, THANKS for helping me on my review

momolu

  • Member
  • Posts: 320
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

There are more bacteria in your mouth than there are people in the world.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

Side effects from substance abuse include nausea, dehydration, reduced productivitiy, and dependence. Though these effects usually worsen over time, the constant need for the substance often overcomes rational thinking.

Did you know?

Serum cholesterol testing in adults is recommended every 1 to 5 years. People with diabetes and a family history of high cholesterol should be tested even more frequently.

Did you know?

After a vasectomy, it takes about 12 ejaculations to clear out sperm that were already beyond the blocked area.

graph graph
The introduction of a new generation of electric and hybrid cars will reduce the demand for oil The introduction of a new generation of electric and hybrid cars will reduce the demand for oil
Graph the function by hand & label key points on graph: Graph the function by hand & label key points on graph:
Sketch the graph of each function using transformations. State the domain and range. Sketch the graph of each function using transformations. State the domain and range.
A bell-shaped, or “normal,” curve shows the distribution of phenotypes for traits controlled by ... A bell-shaped, or “normal,” curve shows the distribution of phenotypes for traits controlled by ...
What would your average (mean) number of cells per cluster be? What would your average (mean) number of cells per cluster be?
Video: Glomerubular filtrate rate -pressures that affect GFR and net filtration pressure

For a complete list of videos, visit our video library