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 732 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
Wow, this really help

robbielu01

  • Member
  • Posts: 336
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

According to the National Institute of Environmental Health Sciences, lung disease is the third leading killer in the United States, responsible for one in seven deaths. It is the leading cause of death among infants under the age of one year.

Did you know?

For high blood pressure (hypertension), a new class of drug, called a vasopeptidase blocker (inhibitor), has been developed. It decreases blood pressure by simultaneously dilating the peripheral arteries and increasing the body's loss of salt.

Did you know?

Automated pill dispensing systems have alarms to alert patients when the correct dosing time has arrived. Most systems work with many varieties of medications, so patients who are taking a variety of drugs can still be in control of their dose regimen.

Did you know?

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

Did you know?

It is believed that humans initially contracted crabs from gorillas about 3 million years ago from either sleeping in gorilla nests or eating the apes.

This diagram shows a cross-section of a solar-type star. This diagram shows a cross-section of a solar-type star.
This frame from a home video shows Eric Harris (on the left) and Dylan Klebold (on the right) as ... This frame from a home video shows Eric Harris (on the left) and Dylan Klebold (on the right) as ...
A spark plug thread chaser is a low-cost tool that hopefully will not be used often, but is ... A spark plug thread chaser is a low-cost tool that hopefully will not be used often, but is ...
When a 2.75-kg fan, having blades 18.5 cm long, is turned off, its angular speed decreases ... When a 2.75-kg fan, having blades 18.5 cm long, is turned off, its angular speed decreases ...
The figure shows an LR circuit with a switch and a 240-volt battery. At the instant the switch ... The figure shows an LR circuit with a switch and a 240-volt battery. At the instant the switch ...
Video: Anatomy and Chemical Makeup of a Single Hair (Animation)

For a complete list of videos, visit our video library