Economic profit at profit-maximizing output

HoloIMAGine has patented a holographic technology which makes 3-D photography obtainable to consumers. When HoloIMAGine produces its profit-maximizing output, this is demonstrated as: (w) operating in the long run. (x) realizing an economic profit equal to area P₃P₁cd. (y) operating irrationally since it must shut down. (z) incurring total variable costs equal to 0P₃dq₃.

832_Market Power1.png

I need a good answer on the topic of Economics problems. Please give me your suggestion for the same by using above options.

View Complete Question

Related Questions in Microeconomics

Q : Labor unions-Competitive Markets Can

Can someone please help me in finding out the accurate answer from the following question. The purely competitive labor markets are not characterized through: (1) Most of the individual buyers and sellers of the labor services. (2) Wages equivalent to the marginal res

Q : Perfect competition ‘In the real world

‘In the real world there is no industry which conforms precisely to the economist’s model of perfect competition. This means that the model is of little practical value

Q : Definition of Collective Bargaining The

The procedure in which employers and unions agree to labor contracts which govern work arrangements is termed as: (i) Arbitration. (ii) Codependency. (iii) Bilateral monopoly. (iv) Joint profit maximization. (v) Collective bargaining.

Q : Reallocation of resources-Government

Describe the Reallocation of resources objective of the government budget.

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 : Monopsony Power-janitorial service Can

Can someone help me in finding out the right answer from the given options. The employer least probable to encompass monopsony power would be: (i) The janitorial service firm in Chicago. (ii) Police force in the Clemson, South Carolina. (iii) U.S. Navy. (iv) Sports sh

Q : Monopsonist-marginal resource cost Can

Can someone please help me in finding out the accurate answer from the following question. The monopsonist will hire the labor until labor's marginal resource cost equivalents the: (i) Marginal revenue product of the labor. (ii) Marginal physical product. (iii) Value

Q : Principle of equal marginal utilities

The thought that, in equilibrium, the more you pay for the good, more it is worth (that is, at the margin) to you is most intimately associated to the: (1) Law of diminishing returns. (2) Equivalent satisfaction corollary. (3) Veblen effect. (4) Rising cost hypothesis

Q : The Reciprocal Trade Agreements Act

Select the right ans wer of the question. The Reciprocal Trade Agreements Act: 1) exempted American exporters from the Sherman Antitrust Act. 2) provided technological assistance to developing countries. 3) brought about considerable reductions in American trade barri

Q : Purely-competitive output by profit

Profit is maximized when this purely-competitive brickyard constructs at: (i) point a. (ii) point b. (iii) point c. (iv) point d. (v) point e.

Discover Q & A

Leading Solution Library

Avail More Than 1438682 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1923231
Asked

3,689

Active Tutors

1438682

Questions
Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment