68 327
Assignments Done
99%
Successfully Done
In November 2018

Answer to Question #8856 in Microeconomics for Shaminee

Question #8856
answer the following question based on the table below.
a) complete the table below
b)determine the price and output at equilibrium for this imperfectly competitive firm.is this a short-run or long run equilibrium?why?
c)calculate the ATC and AVC for this firm.At equilibrium does this firm earn a profit,loss or break-even? if profit or loss what are the unit and total profits or losses?


Q TC (RM) MC (RM) P (RM) MR AR TR Total profit
0 10 10
1 6 9
2 4 8
3 5 7
4 7 6
5 10 5
6 14 4
7 19 3
8 25 2
9 32 1
Expert's answer

Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!

Comments

No comments. Be first!

Leave a comment

Ask Your question

Submit
Privacy policy Terms and Conditions