(i) Price? $ _____ (ii) Output? ______ units (iii) Unit profit? $ ______ (iv) Total profit $ _____ b.) Identify the
Posted: Wed Jul 06, 2022 5:55 am
(i) Price? $ _____
(ii) Output? ______ units
(iii) Unit profit? $ ______
(iv) Total profit $ _____
b.) Identify the later long-run equilibrium of the same firm. In long-run equilibrium, what is
(i) Price? $ ______
(ii) Output? ______ units
(iii) Unit profit $ _____
4- Refer to the graph below: Price or Cost (dollars per unit) 18 16 14 12 10 8 9 4 2 MC X MR MR Initial Demand Later 8 10 12 14 16 18 0 2 4 Later 6 ATC Demand initial Quantity (units per period) Please use whole number only for your answers. Do not add $ signs.
(ii) Output? ______ units
(iii) Unit profit? $ ______
(iv) Total profit $ _____
b.) Identify the later long-run equilibrium of the same firm. In long-run equilibrium, what is
(i) Price? $ ______
(ii) Output? ______ units
(iii) Unit profit $ _____
- I Price Ii Output Units Iii Unit Profit Iv Total Profit B Identify The 1 (29.35 KiB) Viewed 14 times
- I Price Ii Output Units Iii Unit Profit Iv Total Profit B Identify The 2 (29.35 KiB) Viewed 14 times