Suppose a competitive firm has the following cost: output(units): 10     11      12  13    14    15    16     17      18      19 Total cost:     $50 $52 $56 $62 $70 $80 $92 $106 $122 $140  3. If the market price dropped to $8, how much should this profit maximizing firm produce?

6. The marginal cost for Product Y is MC = 10 + 2Q. The market price for Product Y is $50. How many units should the company produce? Y UNIV

Bookmarks Profiles Tab Window Help Table 12-1 Quantity 0 100 200 300 400 500 600 #3 Table 12-1 shows the short-run cost data of a perfectly competitive firm that produces plastic camera cases. Assume that output can only be increased in batches of 100 units. Total Cost (dollars) $1,000 1,360 1,560 1,960 2,760 E 51) Refer to Table 12-1. If the market price of each camera case is $8, what is the firm's total revenue when the profit-maximizing quantity is found at the output where MR = MC? B) $3,200 C) $4,000 D) $4,800 A) $2,400 Page Ref: 401-402 D ture.com/courses/2244593/files/144593507?module_item_id=37898795 $ 4 4,000 5,800 R FI Variable Cost (dollars) $0 360 560 960 1,760 3,000 4,800 % 5 T MacBook Pro G ^ 6 Y 87 & H U * 8 J - ( 9 O 49) V 51) ) 0 K L P

Price per Tonne of Wheat MC 18.00 ATC 17.00 15.75 16.00 15.25 1550 15.00 14.00 13.00 12.00 11.00 500 1000 ++ 1500 Tonnes of Wheat per Month Figure 9-5 shows the cost curves of a firm in a perfectly competitive market. If the market price is $17 and the firm is maximizing profit, how much is its total cost? OA. $20 400 OB. $17 000 OC. $18 300 OD. $15 000

Don't use ai to answer I will report you answer

Please Solve In 15mins e-h

Cost figures for a hypothetical firm are given in the following table. Use them for the exercises below. The firm is selling in a perfectly competitive market. Output Fixed AFC Variable AVC Total ATC MC   Cost   Cost   cost     1 $50  50/1=50 $30 30/1=30  30+50=80 80/1=80   NA 2 $50  50/2=25 $50 50/2=25   50+50=100 100/2=50  (100-80)/(2-1)=20 3 $50  50/3=16.67 $80 80/3=26.67  50+80=130 130/3=43.33   (130-100)/(3-2)=30 4 $50  50/4=12.50 $120 120/4=30   50+120=170 170/4=42.50  (170-130)/(4-3)=40 5 $50  50/5=10 $170  170/5=34 50+170=220  220/5=44  (220-170)/(5-4) =50   What can you expect from an industry in perfect competition in the long run? That is, what will the price be? What quantity will be produced? What will be the relation between marginal cost, average cost, and price?

Assume the following unit cost data are for a purely competitive producer. Required A. How much would be the total revenue? B. What will be the profit-maximizing or loss-minimizing output? C. how much would be the total cost?

Calculate the average total, fixed, and marginal costs for a “competitive” firm with the following production cost schedule.  q    Total Cost    ATC    AFC    MC0        10            100    12            200    16            300    26            400    38            500    75            600    120             What output or q (in the units of 10) is the most efficient production level?  If the market price is $0.10 then what output or q (in the units of 10) is the most profitable production level? (This is the answer im looking for)

The figure shows a bakery's marginal and average cost curves, and its isoprofit curves. The bakery is a price-taker in a large bread market. Suppose the current market price is P₁. Based on this information, which of the following statements is correct? Price, Cost €6 (5 20 40 60 80 Quantity MC hoprofits AC 100 120 140 160 180 number of loaves Select one or more: a. The bakery would be better off raising its price up to its AC level. O b. The bakery would be minimising its loss at A. Oc. If the bakery is not yet in the market then it would not enter the market. d. If the bakery is already in the market, then it would always immediately exit the market because it is making a loss.