The maximum profit for this firm is table for

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14.(3 points) The maximum profit for this firm is .Table for Individual Question FeedbackPoints Earned:3.0/3.0
15.(2 points) Using Scenario C/Table C, go to Graph 1. Label the profit maximizing Q and L combination as point C.Table for Individual Question FeedbackPoints Earned:2.0/2.0354
16.(3 points) Using Scenario C/Table C, go to Graph 4 and draw in this firm’s new wage line. The
Table for Individual Question FeedbackPoints Earned:3.0/3.0Correct Answer(s):
17.(3 points) Using Scenario C/Table C, go to graph 3 and add this firm’s new supply curve (remember that wages fell, so output supply increases). Label as point C the price and output combination occurring after the change in economic conditions in Scenario C (P= $20, and the profit maximizing Q you found in your answer for #12 above). You only have one point on this supply curve, but you can sketch it as an upward sloping supply curve that is parallel to the supply curve you drew earlier.Table for Individual Question FeedbackPoints Earned:3.0/3.0Correct Answer(s):18.(2 points) When comparing Scenario A to Scenario C, the firm now hires _______
Table for Individual Question FeedbackPoints Earned:2.0/2.0
19.(2 points) When comparing Scenario A to Scenario C, the firm now produces _____A) moreB) less
Table for Individual Question Feedback
Points Earned:2.0/2.0Correct Answer(s):A
20.(2 points) When comparing Scenario A to Scenario C, the firm now earns _______ profit.
Table for Individual Question FeedbackPoints Earned:2.0/2.0

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