1. When the TR and TC curves have the same slope, a. they are the furthest from each other. b. they are closest to each other. c. they intersect each other. d. profit is zero.

A profit-maximizing firm in a competitive market is currently producing 500 units of output. It has average revenue of $10, average total cost of $8, and fixed costs of $200. a. What is its profit? b. What is its marginal cost? c. What is its average variable cost? d. Is the efficient scale of the firm more than, less than, or exactly 100 units?

Caroline opens a lemonade stand for two hours.   She spends $15 for ingredients and sells $50 worth of lemonade.  In the same two hours, she could have mowed the neighbor's yard and earned $10. a. What are Caroline’s explicit and implicit costs?  b. What is Caroline’s accounting profit?  What is her economic profit?  Show how you calculated each profit.

based on the information in the table what is marla's profit margin? marla's smoothie shop total revenue-$1,400total cost- $900average cost- $7fixed cost-$700quantity-200 A.$3.50 B.$2.50 C.$4.50 D.$5.00

i need typing clear urjent no chatgpt i will give 5 upvotes.

What is the profit of loss of firm A at the profit maximizing level of production.

Suppose a restaurant that is highly profitable during the summer months is unable to cover its total cost during the winter months. If it wants to maximize profits, the restaurant should a.lower its prices during the summer months. b.go a out of business immediately; losses should never be tolerated. c.continue operating during the winter months if it is able to cover its variable costs. d.shut down during the winter, even if it is able to cover its variable costs during that period.

1. The Abner Corporation, a retail seller of television sets, wants to determine how many television sets it must sell in order to earn a profit of $10,000 per month. The price of each television set is $300, the average variable cost is $100, and the fixed costs are $5,000 per month. a. What is the required sales volume for Abner Corporation to earn a profit of $10,000 per month? b. If the corporation were to sell each television set at $350 rather than $300, what would be the required sales volume? c. If the price is $350 but the average variable cost decreased to $85 rather than $100, what would be the required sales volume now?

(1) Use the graph to answer the question below. The quantity is measured in thousands of units. What will this firm decide to do in the long run? A-It will stay in the market because the price is above its AVC at its profit-maximizing output.  B-It will leave the market because the price is below its ATC at its profit-maximizing output. C-It will increase its price to point B to earn normal profit. D-It will increase its output until its profit-maximizing output level is equal to B. E-Insufficient data to determine.   (2) A dairy farmer is operating in a perfectly competitive market. The market price for milk is between the farmer's average variable cost and average total cost at the profit-maximizing level of output. What will the farmer do?  A-Produce more milk.  B-Produce less milk.  C-Shut down in the short run.  D-Operate in the short run and leave the industry in the long run.  E-Insufficient information to determine (3) A firm operating in a perfectly competitive market cannot…

Suppose fixed costs are $10,000, variable costs are $40,000 and the price of the good is $10 and quantity of the good the firm sells is $10,000.  A. Caluclate Total Costs.  B. Caluclate Total Revenue.  C. Calculate the Firm's Profits.