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28 Sep 2019
Complete the following cost schedules for a perfectly competitive firm:
Instructions: Enter your responses rounded to two decimal places.
Quantity 0 1 2 3 4 5 6 7 Total cost $9 $12 $16 $21 $30 $40 $52 $66 ATC ----- $ $ $ $ $ $ $ MC ----- $ $ $ $ $ $ $
Assuming the price of the product is $14
Instructions: Enter your responses rounded to two decimal places. Indicate a negative response with a (-) negative sign.
TR $ $ $ $ $ $ $ $ Profit/unit ----- $ $ $ $ $ $ $ Profit ----- $ $ $ $ $ $ $
Assuming the price of this product is $14, at what output rate is
Instructions: Enter your responses as a whole number.
(a) Total revenue maximized?
units
(b) ATC minimized?
units
(c) Profit per unit maximized?
units
(d) Total profit maximized? (Choose the highest level of output.)
units
Complete the following cost schedules for a perfectly competitive firm:
Instructions: Enter your responses rounded to two decimal places.
Quantity | 0 | 1 | 2 | 3 | 4 | 5 | 6 | 7 |
Total cost | $9 | $12 | $16 | $21 | $30 | $40 | $52 | $66 |
ATC | ----- | $ | $ | $ | $ | $ | $ | $ |
MC | ----- | $ | $ | $ | $ | $ | $ | $ |
Assuming the price of the product is $14
Instructions: Enter your responses rounded to two decimal places. Indicate a negative response with a (-) negative sign.
TR | $ | $ | $ | $ | $ | $ | $ | $ |
Profit/unit | ----- | $ | $ | $ | $ | $ | $ | $ |
Profit | ----- | $ | $ | $ | $ | $ | $ | $ |
Assuming the price of this product is $14, at what output rate is
Instructions: Enter your responses as a whole number.
(a) Total revenue maximized?
units
(b) ATC minimized?
units
(c) Profit per unit maximized?
units
(d) Total profit maximized? (Choose the highest level of output.)
units
Raushan RajLv8
28 Sep 2019