Question
In: Economics
Please draw each graph clearly labeling P, Q and the areas for TR, TC, profit, loss...
Please draw each graph clearly labeling P, Q and the areas for TR, TC, profit, loss breakeven
Draw the MR, MC, AVC, ATC, Demand, supply, MC and MR for the following situations. For each show (as done in class). For each of these situations show the total revenue, total cost area, and shade the profit or loss area, and if the situation is a shut down state why it should shutdown.
- A monopolist showing a profit
- A monopolist showing a loss but not a shut-down
- A monopolist at a break-even point
- Difference between a monopolist and a perfectly competitive firm for a profit situation on the same graph space.
Solutions
Rahul Sunny answered 1 year agoRelated Solutions
Q P TR MR MC TC Total Profit 0 N/A N/A $1,000 1 1,100 2 1,180...
Q
P
TR
MR
MC
TC
Total Profit
0
N/A
N/A
$1,000
1
1,100
2
1,180
3
1,220
4
$20
5
1,270
6
1,320
7
$80
8
$100
9
10
(a) Fill in all the blanks above using the following
information: The Market Price is $50 per unit of output, the TVC of
producing 9 units of output is $700, and the ATC of producing 10
units of output is $200
(b) Where does diminishing returns start? Explain your
answer....
P Q TR MR MC TC PROFIT 2000 0 0 2000 -2000 1900 1 1900 1900...
P
Q
TR
MR
MC
TC
PROFIT
2000
0
0
2000
-2000
1900
1
1900
1900
600
2600
-700
1800
2
3600
1700
400
3000
600
1700
3
5100
1500
100
3100
2000
1600
4
6400
1300
100
3200
3200
1500
5
7500
1100
300
3500
4000
1400
6
8400
900
600
4100
4300
1300
7
9100
700
900
5000
4100
1200
8
9600
500
1200
6200
3400
1100
9
9900
300
1600
7800
2100
1000
10
10000
100
2000...
Complete a table for Q, FC, VC, TC, MC, MR, Price, TR & Profit using reasonable...
Complete a table for Q, FC, VC, TC, MC, MR, Price, TR
& Profit using reasonable numbers for a perfectly competitive
firm. For price, use a number equal to the number of letters in
your first and last name (maximum 18). For Q use 0, 1, 2, 3, 4, 5,
6, 7, 8 For MC use $3, 4, 5, 7, 9, 13, 16, 21. Then make
up #s for FC, VC, TC, & MR, but make certain they are
corresponding...
Complete a table for Q, FC, VC, TC, MC, MR, Price, TR and Profit using reasonable...
Complete a table for Q, FC, VC, TC, MC, MR, Price, TR and Profit
using reasonable numbers for a perfectly competitive firm. For
price, use a number equal to the number of letters in your first
and last name (maximum 18).My first and last name is Maria
Cisneros. For Q use 0, 1, 2, 3, 4, 5, 6, 7, 8 For MC use $3, 4, 5,
7, 9, 13, 16, 21. Then make up numbers for FC, VC, TC, MR...
Quantity TFC TVC TC Total Revenue P = $136 Total Profit (+) or Loss (-) AVC...
Quantity
TFC
TVC
TC
Total Revenue P = $136
Total Profit (+) or Loss (-)
AVC
ATC
MC
MR = P
Total Revenue P = $106
Total Profit (+) or Loss (-)
Total Revenue P = $100
Total Profit (+) or Loss (-)
0
$0.00
1
$90.00
2
$170.00
3
$240.00
4
$300.00
5
$370.00
6
$450.00
7
$540.00
8
$650.00
9
$785.00
10
$945.00
Scooter the Skater
has obtained the right to make and sell custom
rollerblades on the...
1. suppy curve PQ=4 (1) P=4, Q=?, TR=?, the price elascity=? (2) P=3 Q=?, TR=?, the...
1. suppy curve PQ=4
(1) P=4, Q=?, TR=?, the price elascity=?
(2) P=3 Q=?, TR=?, the prics elascity=?
2. suppy curve P=4/root(Q)
(1) P=4, Q=?, TR=? The price elascity=?
(2) P=3 Q=?, TR=? The price elascity=?
I want detailed explanation, thank you very much??
Quantity TC Price of TR ATC AVC MC MR MR-MC Profit change in good profit 0...
Quantity
TC
Price of
TR
ATC
AVC
MC
MR
MR-MC
Profit
change in
good
profit
0
10
5
0
1
15
5
5
15
5
5
5
2
18
5
10
9
4
3
5
3
20
5
15
6.67
3.33
2
5
4
21
5
20
5.25
2.75
1
5
5
23
5
25
4.6
2.6
2
5
6
26
5
30
4.33
2.67
3
5
7
30
5
35
4.29
2.86
4
5
8
35
5
40
4.38...
Answer the following Questions for a Monopoly Firm. Price Quantity TR MR MC TC Profit $15,000...
Answer the following Questions for a Monopoly Firm.
Price
Quantity
TR
MR
MC
TC
Profit
$15,000
0
----
----
-$20,000
14,000
1
$2,000
13,000
2
$23,000
12,000
3
$24,000
11,000
4
$25,000
10,000
5
$3,000
9,000
6
$5,000
8,000
7
$41,000
7,000
8
$12,000
6,000
9
$73,000
5,000
10
$30,000
4,000
11
3,000
12
a) Fill in the missing information above for this Monopoly Firm
for its monthly production. Note there are no numbers for MC and MR
when...
on a graph, draw the supply and demand curves for juul pods, labeling the equilibrium price...
on a graph, draw the supply and demand curves for juul pods,
labeling the equilibrium price and quantity(1 point). Now suppose
the government imposes a per unit tax to be paid by sellers. on the
same graph, show how this affects the supply and or demand curves
and show the new equilibrium price and quantity ( 2 points ). label
the price suppliers recieve, the price buyers pay, and the tax ( 2
points). label the areas of consumer surplus,...
Refer to the table to answer questions 1-3. Units TR TC MC MR Profit 0 20...
Refer to the table to answer questions
1-3.
Units
TR
TC
MC
MR
Profit
0
20
1
30
2
35
3
45
4
60
5
90
6
130
Fill in the TR, MC, and MR columns in the table if the price of
the product is $20.
What is the optimal output rule used to maximize a firm’s
profit?
What level of output will maximize this firm’s
profit? Use marginal analysis to explain (you can check
your answer using the profit...
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