Question 42 At The Profit Maximizing Or Loss Minimizing Output Level The Firm In This Figure Has Total Revenue Of App 1 (48.63 KiB) Viewed 68 times
Question 42 At The Profit Maximizing Or Loss Minimizing Output Level The Firm In This Figure Has Total Revenue Of App 2 (44.94 KiB) Viewed 68 times
QUESTION 42 At the profit-maximizing, or loss-minimizing, output level, the firm in this figure has total revenue of approximatel 37. Figure 16-3 1000 900 800 ATC 700 MC 600 500 400 300 200 100 O a. $6,000. O b. $9,000. O c. $10,500. O d. $12,500. A MR 5 10 15 20 25 30 35 40 Quantity QUESTION 41 Suppose that average total cost is $18 when Q-12. What is the profit-maximizing price and resulting profit 34. Figure 16-1. The figure is drawn for a monopolistically competitive firm. 32 24 MC Demand 12 28 8028 18. 12 4 8 O a. P=$12, profit=$0 O b. P=$18, profit=$72 O c. P=$18, profit=$24 O d. P=$18, profit=$0 16 MR 20 24 32 Q
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