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.

Expert Solution

Rahul Sunny answered 2 years ago

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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