Short-Run Profit Maximization) A perfectly competitive firm has the following fixed and variable costs in the short run. The market price for the firm’s product is $150. Profit/Output FC VC TC TR Los

In the short run a firm should shut down when;   A. When price is below MC   B. When price is below minimum point of AVC   C. When it is not earning a positive economic profit   D. It is incurring a loss

Assignment Instructions: Find the Graphs for a Pure Competition Firm  Do a Google Images and find the graphs for a perfectly competitive firm.   graphs must include the following specific graphs:  Find the graph for short run economic loss for the firm.  Find the graph for short run economic profit for the firm.  Find the graph for long run – normal profit for the firm.  Make sure the graphs show the area of economic profit or loss.

t of 35 45 40 30 25 255 15 20 10 5 MC, AC MC AC 9 0 100 200 300 400 500 The graph shows average and marginal cost curves for a typical firm in a perfectly competitive industry in LONG-RUN equilibrium. The long-run equilibrium price of the product is $ In long-run equilibrium the firm will produce units. In long-run equilibrium the firm will earn $ economic profit.

fast

Typed plzxx

Please help with the following question

Suppose that the demand curve faced by a firm is downward sloping. Which of the following statements is true? Question 5Answer a.  The firm faces constantly changing production technology b.  The firm operates in a perfectly competitive market c.  The firm’s marginal revenue is equal to the market price d.  The firm is not a price-taker