The following graph depicts the costs incurred by a
Local egg seller, Rahim. Rahim is faced with strong competitors who
are selling exactly the same product. Use the graph to answer the
following questions-
- Please Provide Correct Answers The Following Graph Depicts The Costs Incurred By A Local Egg Seller Rahim Rahim Is Fa 1 (33.79 KiB) Viewed 31 times
maximize profit how many eggs does Rahim sell?
200
300
400
B) If the price stays at 8tk, what happens in the long
run?
Rahim stops selling eggs.
new firms enter into the egg market.
all existing egg sellers suffer from an economic
loss
C) If the price falls down to 3tk price, which of the
following option does Rahim have in short run?
temporarily shutting down the business.
staying in business but generate no
profit.
indifferent between staying in and going out of the
market
D) At what price will Rahim try to minimize loss by
selling eggs in the market?
6 Taka
5 Taka
4 Taka
E) At what price will there be a break-even
point?
6 Taka
5 Taka
4 Taka
Price/Cost per egg MC 12 8 ATC MR3 AVC 6 MR2 4 MR1 Quantity 100 200 300 400