subject
Business, 17.01.2020 21:31 makennahudson94

Assume that the following conditions exist for a perfectly competitive firm: price = $8.50, current output = 100 units, atc at current output = $9.00, avc at current output = $8.00, total fixed costs =$100 and mc at current output = $8.00.a. is the firm earning any economic profit currently? how much is its profit or loss? b. is the firm maximizing its economic profit? what should the firm do to maximize profit or minimize loss? c. given your answers in part b, how will the market adjust to reach long-run equilibrium? include appropriate graphs in your explanation.

ansver
Answers: 3

Another question on Business

question
Business, 22.06.2019 03:00
Working with a word processor requires more than just a knowledge of typing. a good word processor includes a number of tools designed to aid in formatting documents to meet the needs of the reader. in this project you will use your word-processing skills and a basic knowledge of apa style to format a research paper. the skills you will need for this project include the following: adjusting line spacing (double-spacing) breaking text into pages (page break) centering text changing the font, style, and size of the text editing text inserting page numbers inserting a table using spell check
Answers: 1
question
Business, 22.06.2019 08:30
What has caroline's payment history been like? support your answer with two examples
Answers: 3
question
Business, 22.06.2019 09:50
Acar manufacturer uses new machines that automatically assemble an engine from parts fed to the system. the machine can regulate the speed ofassembly depending on the number of parts produced. which type of technology does this machine use? angenoem mense wat ons in matin en esta va ser elthe machine uses
Answers: 3
question
Business, 22.06.2019 16:50
The cost of labor is significantly lower in many countries than in the united states. if you move manufacturing to a facility to a country labeled as part of the axis of evil and a threat to world peace you will increase the net income of your client by $10 million per the facility is located in a country which limits personal freedom and engages in state sponsored terrorism. imagine you are a marketing consultant. (a) what would you tell the executives to do? (b) what are the alternatives? what are your recommendations? why do you recommend this course of action?
Answers: 1
You know the right answer?
Assume that the following conditions exist for a perfectly competitive firm: price = $8.50, current...
Questions