Dollars Per Unit B A 2 N O F Dollars Per Unit Y MC H I 4-14 S PERFECT COMPETITION PRACTICE EXERCISE MC IR ATC AVC ·D=MR ATC AVC -D=MR Dollars Per Unit L &H L . Dollars Per Unit с N H T M J O MC F MC ATC AVC FOR EACH OF THE DIA 1. Total Cost 2, Cost Per Unit 3. Price 4. Total Revenue 5. Quantity 6. Profit -D-MR 7. Breakeven Point & Shutdown Point ATC AVC DAMA
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- Consi der Hhe fallowing » The inverse femand function is givan by p= 30-@ Cournet medel. where Q = E,+ * Firm 13 marginal cost is $6lei=6). Fivm 2 uses a nem techaulagy There is no that it's marginal cost is $3 (6=3). fixed cort So The fwo fims chooce thair and Compete only Jame). Answer the follming puestions. O Derive Firm 1 amd Firm 2% vation furtions reupertivaly. o Solve Hhe Harh equilibrium ( ", q") O What is He equilibrinm level for eah firm. quenti tias simultaneculy (So it's a one- shot simultaneaus once price and what is Hhe profit Suppore there is Iim 2. Wlhat is the highert price that Firm I is willing to paj for this new o Mow let's chauge the setup from Coumet campetition to Bertrand Competitin, while maintaining all efther aJAump tins. What is He equilibium price? O Suppon the fwe finms engage in Betrand (ompetition What is the hijhut price that Fim 1 o milling for He new feihnly? * market for the teihue lagy uped by toContinue with the table and complete the calculation for Marginal Cost: Round to the table standard. Q3 Table Bags/ Participants Fixed Cost Variable Cost Total Cost Average Variable Cost Marginal Cost Total Revenue wt Price $20 Marginal Revenue Total Profit 0 1700 0 1700 0 -1700 100 1700 500 2200 a 2000 20 -200 200 1700 1200 2900 b 4000 20 1100 300 1700 2700 4400 c 6000 20 1600 400 1700 5200 6900 d 8000 20 1100 500 1700 9000 10700 e 10000 20 -700 600 1700 15000 16700 f 12000 20 -4700 700 1700 23800 25500 g 14000 20 -11500 800 1700 36800 38500 h 16000 20 -22500 900 1700 55800 57500 i 18000 20 -39500 1000 1700 83000 84700 j 20000 20 -64700y Bookmarks Profiles Tab Window cy Technician Certific X Midterm al.docx Help Midterm-Yoshira Martinez - C x | Inbox G cy.instructure.com/courses/16619/assignments/339423?module_item_id=659583 Page > of 4 0 5Which series of communication channels is arranged from smallest to largest? a. Facebook, Mediated Communication, Social media b. Social media, Mediated communication, Snapchat c.Instagram, Social media, Mediated communication d. Mediated communication, Social media, LinkedIn 6) You spend all your free time on Instagram and Facebook while neglecting meaningful face-t
- Football weights The Sears Cup was established in 1993to honor institutions that maintain a broad-based athleticprogram, achieving success in many sports, both men’sand women’s. Since its Division III inception in 1995, thecup has been won by Williams College in every yearexcept one. Their football team has a 85.3% winningrecord under their current coach. Why does the footballteam win so much? Is it because they’re heavier thantheir opponents? The table shows the average teamweights for selected years from 1973 to 1993.a) Fit a straight line to the relationship between Weightand Year.b) Does a straight line seem reasonable?c) Predict the average weight of the team for the year2003. Does this seem reasonable?d) What about the prediction for the year 2103? Explain.e) What about the prediction for the year 3003? Explain. Year Weight (lb) Year Weight (lb)1973 185.5 1983 192.01975 182.4 1987 196.91977 182.1 1989 202.91979 191.1 1991 206.01981 189.4 1993 198.7In choosing a production technology, how will firms react if one input becomes relatively more expensive?Mc Graw Hill The table below shows Lanark's production possibilities. Wheat Cars A 0 40 B 35 38 C 60 34 D 78 26 E 87 15 (Click to select) ✓