Title: Figure 12-9 shows cost and demand curves facing a profit-maximizing, perfectly competitive firm.
Post by: Hernando G. on Oct 9, 2019
Question 1.
Figure 12-9
Figure 12-9 shows cost and demand curves facing a profit-maximizing, perfectly competitive firm.
Refer to Figure 12-9. At price P1, the firm would produce
▸
Q1 units
▸
Q3 units.
▸
Q5 units.
▸
zero units.
Question 2.
Figure 12-9
Figure 12-9 shows cost and demand curves facing a profit-maximizing, perfectly competitive firm.
Refer to Figure 12-9. At price P2, the firm would produce
▸
Q2 units.
▸
Q3 units.
▸
Q4 units.
▸
zero units.
Title: Figure 12-9 shows cost and demand curves facing a profit-maximizing, perfectly competitive firm.
Post by: Kutthroat Kane on Oct 9, 2019
Title: Figure 12-9 shows cost and demand curves facing a profit-maximizing, perfectly competitive firm.
Post by: asdoooeoe on Oct 9, 2019
Question 1.
Figure 12-9
Figure 12-9 shows cost and demand curves facing a profit-maximizing, perfectly competitive firm.
Refer to Figure 12-9. Identify the short-run shut down point for the firm.
▸
a
▸
b
▸
c
▸
d
Question 2.
Figure 12-9
Figure 12-9 shows cost and demand curves facing a profit-maximizing, perfectly competitive firm.
Refer to Figure 12-9. Identify the firm's short-run supply curve.
▸
the marginal cost curve
▸
the marginal cost curve from a and above
▸
the marginal cost curve from b and above
▸
the marginal cost curve from d and above
Title: Figure 12-9 shows cost and demand curves facing a profit-maximizing, perfectly competitive firm.
Post by: jeromet1 on Oct 9, 2019
Answer 1
b
Answer 2
the marginal cost curve from b and above
Title: Figure 12-9 shows cost and demand curves facing a profit-maximizing, perfectly competitive firm.
Post by: asdoooeoe on Oct 9, 2019
Title: Figure 12-9 shows cost and demand curves facing a profit-maximizing, perfectly competitive firm.
Post by: jeromet1 on Oct 9, 2019