{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

KIC000083 - $Stu0ollt:“ 1m ”gm-z kolfllooni mam 5mm“...

Info icon This preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
Image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: $Stu0ollt:“_ 1m ' ”gm-z kolfllooni mam 5mm“ HI; HW Gnu-i " ,_ ' , gDate: 11523509 Course: Eco 2301-05 f é'l'imo: 11:38 AM Book: I-Iubbm‘d-‘O'Brien: Microeconomics E 3 2e ‘ 1 1, Refer to the diagram to the right. Ifthe firm is producing 700 units. 15 .2 it is making a profit. MC ‘ #2: it should cut back its output to maximize profit. ) it should increase its output to maximize profit. 5 Mark price Price and cost (5) :2 it is making a loss. - u u u . n u n n n v u I 0 u n u v . n i a a u a u a 0 100 200 300 400 500 600 700 800 901 Quantity A perfectly competitive firm produces 1,000 units ot‘a good at a total cost of 536.000. The price of each good is 350. Caiculate the firm's short run profit or loss. I ”[4000 1900(§0)=SC;0CD 055 0 , pmfit orssoooo L-SOK-‘OO "‘ 3m 00% = 14: 003 V , profit ofS [4,000 There is insufficient information to answer the question Page 4 "44.5%-... -~-——_---.-_-,_477777 ...
View Full Document

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern