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

Author Question: Consider the following short-run cost curves for a profit-maximizing firm in a perfectly competitive ... (Read 56 times)

redpassion

  • Full Member
  • ***
  • Posts: 151
on: Oct 12, 2022

Question 1

Consider the following short-run cost curves for a profit-maximizing firm in a perfectly competitive industry.



FIGURE 9-6

Refer to Figure 9-6. If the market price is $5.7, the profit-maximizing level of output is


◦ 1500 units.
◦ 1200 units.
◦ 900 units.
◦ less than 900 units.
◦ more than 1500 units.

Question 2

Consider the following short-run cost curves for a profit-maximizing firm in a perfectly competitive industry.



FIGURE 9-6

Refer to Figure 9-6. If the market price is $5.7, at the profit-maximizing level of output the firm's total revenue is


◦ more than $8550.
◦ $1500.
◦ $7050.
◦ $1200.
◦ $8550.
Microeconomics ¦ Ragan ¦ 17th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by redpassion on Oct 12, 2022

feiojef

  • Full Member
  • ***
  • Posts: 172
Reply #1 on: Oct 12, 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 35% of students answer this correctly


redpassion

  • Member
  • Posts: 151
Reply 2 on: Oct 12, 2022
Excellent

juliaf

  • Member
  • Posts: 344
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Your heart beats over 36 million times a year.

Did you know?

Hypertension is a silent killer because it is deadly and has no significant early symptoms. The danger from hypertension is the extra load on the heart, which can lead to hypertensive heart disease and kidney damage. This occurs without any major symptoms until the high blood pressure becomes extreme. Regular blood pressure checks are an important method of catching hypertension before it can kill you.

Did you know?

More than 4.4billion prescriptions were dispensed within the United States in 2016.

Did you know?

Pope Sylvester II tried to introduce Arabic numbers into Europe between the years 999 and 1003, but their use did not catch on for a few more centuries, and Roman numerals continued to be the primary number system.

Did you know?

The Centers for Disease Control and Prevention (CDC) was originally known as the Communicable Disease Center, which was formed to fight malaria. It was originally headquartered in Atlanta, Georgia, since the Southern states faced the worst threat from malaria.

Levels of Processing Affects Long-Term but not Short-Term Memory Levels of Processing Affects Long-Term but not Short-Term Memory
Cost Savings with an EHR System Cost Savings with an EHR System
Survivorship curves "منحنيات البقاء على قيد الحياة" Survivorship curves "منحنيات البقاء على قيد الحياة"
A company that sells sweatshirts finds that the profit can be modelled by P(s)= ... A company that sells sweatshirts finds that the profit can be modelled by P(s)= ...
Competitive firms and maximization Competitive firms and maximization
Survivorship curves. Survivorship curves.
Video: Plant Defense Mechanisms from Pathogens

For a complete list of videos, visit our video library