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
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Expert's answer
2012-04-28T09:54:02-0400
The answer to the question is available in the PDF file https://www.assignmentexpert.com/homework-answers/economics-answer-8856.pdf

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