Answer Happy

III. Costs & Profits: From the article see if the company is above target (Eco. Profit), on target (Normal profit) or below target (Loss). A. Short-run Costs (use graphs) Graph #4: Short-run Profit or Loss (use MC, AR, ATC, and AR; shade where appropriate) WB PG. 224 1. State whether firm is earning a normal or economic profit, or a loss. Illustrate on graph 4. 2. State any productivity and pertinent cost problems and the resulting effects on graphs.. Long-run Costs (use graphs) Graph #5: Long-run Profit or Loss (use MC, AR, ATC, and AR; shade where appropriate) WB PG. 224 1. State whether firm is earning a normal or economic profit, or a loss. Illustrate on graph 5. Graph #6: The Planning Curve: LRATC & Optimal Plant Size (Economies & Diseconomies of Scale) WB PG. 181 1. Graph the LRATC, show economies and diseconomies of scale, and mark with an "X" the company's position. A Recapitulation of Findings B. How could the economic problem be corrected? IV. Prediction for Future A. State your personal prediction for the future. Support your answer. m. Conclusion/Summary