--%>

Determine total cost of profit-maximizing competitive firm

This profit-maximizing competitive firm's total cost as TC=TFC+TVC, as in demonstrated figure can be calculated as area: (i) 0P3fq4. (ii) P2P1de. (iii) P3P2ef. (iv) 0P2eq4. (v) aced.

1406_Total Revenue1.png

Hello guys I want your advice. Please recommend some views for above Economics problems.

   Related Questions in Microeconomics

  • Q : Evidence for Diminishing Marginal

    Evidence that may potentially be cited as conflicting with the law of diminishing marginal utility would comprise: (i) Della’s enthusiasm for all-you-can-eat buffet diminishes subsequent to her fifth plate of lasagna. (ii) Jethro trades in his 1981 Gremlin on th

  • Q : Fundamental Normative Economics The

    The fundamental economic question for that answers are most likely to be different greatly across the populace and be most heavily based upon value judgments is: (1) what goods will society produce? (2) how will resources be used to yield the goods so

  • Q : Positively sloped resource supply curves

    When the resource supply curves of facing a competitive industry are positively sloped, in that case the exit of firms which have incurred losses will result within: (w) higher prices and lower output by each firm, and higher average production costs.

  • Q : Evalute clothing market Evalute the

    Evalute the statement. Generally People buy clothing in the city where they live. Therefore there is a clothing market in, say, Atlanta that is distinct from the clothing market in Los Angeles. This statement is tr

  • Q : Monopsony Power-Demand for Labor Can

    Can someone help me in finding out the right answer from the given options. After adjusting for the inflation, Alex Rodriquez’s salary with NY Yankees was very higher in 2006 than Henry Aaron's salary with Atlanta Braves in the year 1970s that implies that: (i)

  • Q : Maximize profits by oligopoly An

    An oligopoly will maximize profits when this produces where: (w) MR > MC. (x) MR = MC. (y) TR = TC. (z) MR > P. Can anybody suggest me the proper explanation for given problem regarding Economics

  • Q : Income elasticity of demand computations

    When yearly per capita income increases from $13,500 to $26,500 and custom car sales increase from 100,000 to 200,000, by using the arc elasticity formula, then the income elasticity of demand is: (i) 0.50. (ii) 0.75. (iii) 1.00. (iv)

  • Q : Bargaining model settlement range

    settlement range between management and the trade union

  • Q : Disadvantages of mixed economy system

    Tell me what are the disadvantages of mixed economy system?

  • Q : Minimum Wage Laws-unskilled workers I

    I have a problem in economics on Minimum Wage Laws-unskilled workers. Please help me in the following question. The Minimum wage legislation is unlikely to help: (i) Skilled workers who compete by unskilled workers. (ii) Unskilled workers who don&rsqu