Dollars B 0 hk Output efbc. Ofon. egac fgob. MC C b n MR ATC AVC In the above diagram, at the profit-maximizing output, total profit is represented by the area bounded by letters

Hi, I do not understand why B is the correct answer for number 3. How do I know that this monoply is earning a normal economic profit in the long run?

Define the break-even point. Draw its graph and show the areas where profit and loss occur on the graph.

Should a company produce more goods when marginal revenue is greater than marginal costs? Explain.

Please solve all parts of the question based on graph and show your work.

Part a a.an economic profit b.a normal profit c.a loss Part c a.an economic profit b.a normal profit c.a loss .   .

Can you create a graph showing perfect competition for grocery stores in a rural area ? And explain the graph?

looking to see if my answer is correct for this homework problem and if not why. the AVC is throwing me off

Calculate the value of marginal cost when marginal revenue is $87 and the Marginal profit is $20

A firms cost and revenue functions look like this in 3 questions below. Total cost: TC = 100 + 2Q + Q2 Marginal cost: MC = 2 + 2Q Price: P=22 What is the profit maximizing output? a. 8 b. 10 c. 12 d. 25 e. All the other answers are wrong.   What is the firm's profit? a. -14 b. -6 c. 0 d. 15 e. All then other answers are wrong.   What are the fixed costs and variable costs at the profit maximising output? a. FC=0, VC=220 b. FC=100, VC=80 c. FC=80, VC=244 d. FC=100, VC=120 e. All the other answers are wrong.