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Now summarize your results. Enter values for each of the following prices: 19) Profit maximizing price. 20) Socially best price. 21) Price where profit is zero.

Now summarize your results. Enter values for each of the following prices: 19) Profit maximizing price. 20) Socially best price. 21) Price where profit is zero.

Economics Today and Tomorrow, Student Edition
Economics Today and Tomorrow, Student Edition
1st Edition
ISBN:9780078747663
Author:McGraw-Hill
Publisher:McGraw-Hill
Chapter7: Demand And Supply
Section: Chapter Questions
Problem 9AA
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Now summarize your results. Enter values for each of the following prices: 19) Profit maximizing price. 20) Socially best price. 21) Price where profit is zero.
Transcribed Image Text:Now summarize your results. Enter values for each of the following prices: 19) Profit maximizing price. 20) Socially best price. 21) Price where profit is zero.
12 13 14 80 15 70 16 60 17 18 50 19 40 20 21 22 23 24 25 26 27 28 29 30 31 32 33 30 20 10 $/Q 0 0 20000 40000 Reset to baseline Go to answer sheet 60000 80000 Questions 11-12 Print MC AC DEMAND MR 100000 Q MARKET DATA Price (AR) MR AR-AC AR-MC Output AC MC FIRM COST DATA MR-MC MC-AC $6.55 -$60.72 -$2.55 $0.00 Income Tax per unit 79,882 $9.10 $6.55 -$67.26 -$2.55 POLICY VARIABLES $55.000 $0.00
Transcribed Image Text:12 13 14 80 15 70 16 60 17 18 50 19 40 20 21 22 23 24 25 26 27 28 29 30 31 32 33 30 20 10 $/Q 0 0 20000 40000 Reset to baseline Go to answer sheet 60000 80000 Questions 11-12 Print MC AC DEMAND MR 100000 Q MARKET DATA Price (AR) MR AR-AC AR-MC Output AC MC FIRM COST DATA MR-MC MC-AC $6.55 -$60.72 -$2.55 $0.00 Income Tax per unit 79,882 $9.10 $6.55 -$67.26 -$2.55 POLICY VARIABLES $55.000 $0.00
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