Consider the information of Firm C on the attached figure and answer the following: Calculate TVC and Ceteris paribus, if the price falls below_________, Firm C will have to shut down and exit the market  Ceteris paribus, Firm C will make a normal profit at the price of________ Firm C achieves an allocative efficient level of output by producing_______ units of output.

Profit maximization using total cost and total revenue curves Suppose Caroline runs a small business that manufactures shirts. Assume that the market for shirts is a competitive market, and the market price is $20 per shirt.     The following graph shows Caroline's total cost curve. Use the blue points (circle symbol) to plot total revenue and the green points (triangle symbol) to plot profit for shirts quantities zero through seven (inclusive) that Caroline produces.         Caroline's profit is maximized when she produces______ shirts. When she does this, the marginal cost of the last shirt she produces is ______, which is (GREATER OR LESS)   than the price Caroline receives for each shirt she sells. The marginal cost of producing an additional shirt (that is, one more shirt than would maximize her profit) is _____, which is  (GREATER OR LESS)  than the price Caroline receives for each shirt she sells. Therefore, Caroline's profit-maximizing quantity corresponds to the…

am. 116.

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Suppose Amari operates a handicraft pop-up retail shop that sells phone cases. Assume a perfectly competitive market structure for phone cases with a market price equal to $20 per phone case. The following graph shows Amari's total cost curve. Use the blue points (circle symbol) to plot total revenue and the green points (triangle symbol) to plot profit for phone cases for quantities zero through seven (including zero and seven) that Amari produces. TOTAL COST AND REVENUE (Dollars) 200 150 125 100 75 50 25 0 0 O Search Total Cost 20 Total Revenue Profit C Ccc U

Lauren grows grapes. Her average variable cost (AVC), average total cost (ATC), and marginal cost (MC) of production are illustrated in the figure to the right. Assume the market for grapes is perfectly competitive and that the market price is $2.00 per crate. Characterize Lauren's economic profits. Assume she produces such that she maximizes profits in the short run. Using the rectangle drawing tool, shade in Lauren's economic profits. Attach the correct label to indicate whether she is earning a profit (Profit) or incurring a loss (Loss). Carefully follow the instructions above, and only draw the required object Quantity (crates) Price ($ per crate) 0.00 1.00- 2.00- 3.00- 4.00- 5.00- 6.00- 7.00- 8.00- 9.00- 10.00- 11.00- AVG 6 ATC र 9 2 12.00 00

You decide to create a burger restaurant named BurgerDeals to help pay for college fees. The table below contains total pricing information for your single product, large extra-cheese burger. Your town's burger market is fiercely competitive, with big extra-cheese burger selling for $7 on average. Fill in the blanks in the table and answer the following question. What is AVC if you produce 6 burgers?

Identification. Answer the following questions below. QUESTIONS: 1.) What is under allocation of resources? 2.) What can eliminate economic profit in the long run? 3.) What can eliminate costs in the long run?

What are the four conditions of a purely competitive market?

Show how could Market equilibrium be affected if the level of Technology is not used on effective way while the number of Consumers increased, ( the effect of Technology is higher than the other factor ) Enter your Answer