Only two firms, Acme and Pinnacle, sell a particular product.  The table below shows the demand curve for their product.  Each firm has the same constant marginal cost of $10 and zero fixed cost.   Price Quantity Total Revenues 70 0 0 65 100 6500 60 200 12000 55 300 16500 50 400 20000 45 500 22500 40 600 24000 35 700 24500 30 800 24000 25 900 22500 20 1000 20000 15 1100 16500 10 1200 12000 5 1300 6500 0 1400 0       Refer to Table 17-9. If Acme and Pinnacle operate to jointly maximize profits, then what is the price? Group of answer choices $45 $40 $35 $30

a and b Plz answer

4 When I'MaGoldMiner chooses what quantity of gold each of its mines will produce over the next 12 months, this quantity, along with the prices prevailing in the market for output and inputs, will do which of the following? A Determine the company's total revenue, total costs, and profits Have no effect on the market forces of demand and supply CO No longer be dictated by the forces of demand and supply DO Determine the company's annual revenue, variable costs, and profits

Table 8.1 Q 0 1 2 3456 3 4 6 7 8 9 10 MC $30 20 30 40 50 60 70 80 90 100 ATC $230 125.00 93.33 80.00 74.00 71.67 71.43 72.50 74.44 77.00 AVC Produce an output of 5 and earn a negative economic profit Shutdown and produce nothing Produce an output of 5 and earn a positive economic profit Produce an output of 6 and earn a positive economic profit -11 $130 75.00 60.00 55.00 54.00 55.00 57.14 60.00 63.33 67.00 Refer to table 8.1. If the competitive market price for kale is $51, what will the firm do in the short-run?

not use ai please

Q28

11

You own Athleticon, which manufactures athletic wear.  Your new contract  with Atlanta United, a professional soccer team, allows Athleticon to be the sole suppler of athletic wear with the “Atlanta United” logo.  No one lese can manufacture athletic wear with the “Atlanta United” logo.  What do you think will be Athleticon’s  level of profitability on the sale of “Atlanta United” athletic wear? Explain why. Your contract with Atlanta United only lasts 3 years.  It was not renewed.  Other firms can now manufacture athletic wear with the “Atlanta United” logo It is now 5 years after your contract with Atlanta United was terminated. Any manufacturer that wants to can manufacture and sell athletic wear with the “Atlanta United” logo.  What do you think will be the level of profitability and rate of return on manufacturing athletic wear with the “Atlanta United” logo?  Explain why.

fill this graph out

If this is monopolistic competition we know that: Supporting Materials ● Price EQOR 0 MR MC FJL N Quantity ATC Demand There will be no entry or exit as the graph illustrates long run equilibrium There will be exit which will lower demand There will be entry which will lower MR There will be entry which will raise ATC There will be exit which will raise ATC