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

Author Question: The Short Run Production DecisionThe graph shows the cost curves for cinnamon.Assume that P1=$2.30, ... (Read 48 times)

Hunchojack2019!!

  • Full Member
  • ***
  • Posts: 149
on: Nov 23, 2022
The Short Run Production Decision

The graph shows the cost curves for cinnamon.



Assume that P1=$2.30, P2=$3.50, P3=$4.10, P4=$4.90, Q1=110, Q2=280, and Q3=380.
If price is set to P4 ($4.90), what is the profit-maximizing level of output? The firm earns an economic ________ (profit/loss) equal to ________. At what price does the firm break even? Below what price will the firm shut down in the short run?
Please round your answer to two decimal places.
◦ 280, loss, $1862.00, $2.30, $3.50
◦ 280, profit, $1862.00, $3.50, $2.30
◦ 380, profit, $304.00, $3.50, $2.30
◦ 380, loss, $304.00, $2.30, $3.50
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 Hunchojack2019!! on Nov 23, 2022

ALuthy

  • Full Member
  • ***
  • Posts: 161
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


Hunchojack2019!!

  • Member
  • Posts: 149
Reply 2 on: Nov 23, 2022
YES! Correct, THANKS for helping me on my review

miss.ashley

  • Member
  • Posts: 371
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Intradermal injections are somewhat difficult to correctly administer because the skin layers are so thin that it is easy to accidentally punch through to the deeper subcutaneous layer.

Did you know?

Aspirin may benefit 11 different cancers, including those of the colon, pancreas, lungs, prostate, breasts, and leukemia.

Did you know?

Of the estimated 2 million heroin users in the United States, 600,000–800,000 are considered hardcore addicts. Heroin addiction is considered to be one of the hardest addictions to recover from.

Did you know?

When blood is deoxygenated and flowing back to the heart through the veins, it is dark reddish-blue in color. Blood in the arteries that is oxygenated and flowing out to the body is bright red. Whereas arterial blood comes out in spurts, venous blood flows.

Did you know?

Medication errors are more common among seriously ill patients than with those with minor conditions.

Tuning Curves Tuning Curves
A cartoon of “King Andrew the First” shows Jackson standing atop the U.S. Constitution—a scepter in A cartoon of “King Andrew the First” shows Jackson standing atop the U.S. Constitution—a scepter in
This label on a Toyota Camry hybrid shows the relative smog-producing emissions, but this does not ... This label on a Toyota Camry hybrid shows the relative smog-producing emissions, but this does not ...
The neural pathway responsible for the production and learning of song in the male canary. The neural pathway responsible for the production and learning of song in the male canary.
Find an equation of the tangent line to the graph of f(x) = sqrt(x) / (x+1) at the point x=1 Find an equation of the tangent line to the graph of f(x) = sqrt(x) / (x+1) at the point x=1
Graph Liters per Hour Graph Liters per Hour
Video: Digestive System Animation

For a complete list of videos, visit our video library