--%>

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.

   Related Questions in Microeconomics

  • Q : Tax on a good tends to make The tax on

    The tax on a good tends to make: (i) Inflationary pressure the govt. can disperse by cutting its spending. (ii) The wedge among prices buyers pay and the prices sellers obtain. (iii) Rises in supply from the viewpoint of buyers. (iv) More quick transa

  • Q : Minor Inefficiencies in Monopolistic

    Minor inefficiencies generated since monopolistic competitors differentiate their products may be more than offset through the: (w) increase in economic equity. (x) expansion of the psychologically-meaningful choices obtainable to consumers. (y) reduc

  • Q : Why are buyers and sellers forced to be

    Several buyers and sellers are forced to be price-takers since: (w) vigorous competition maintains individuals from noticeably influencing the market. (x) only monopoly firms adjust quantities. (y) markets adjust slowly. (z) quantity adjustment is not

  • Q : Problem based on shift of the

    Technological advance in producing both capital goods and consumer goods is illustrated by the shift of the production possibilities curve from AB to: 1) CD. 2) EB. 3) AF. 4) GH.

    Q : Problem related to aggregate demand

    Refer to the below diagram, in which Qf is the full-employment output. If aggregate demand curve AD1 describes the current situation, appropriate fiscal policy would be to: A) increase taxes and reduce government spending to shift the aggregate d

  • Q : Production at exceeds marginal costs by

    For any profit-maximizing monopolist not capable to price discriminate, production arises at an output level where is: (w) price exceeds marginal costs [P > MC]. (x) marginal revenue exceeds marginal costs [MR >

  • Q : Relatively elasticity in supply curve

    At point a, in below figure the supply curve into this graph: (w) perfectly elastic. (x) relatively elastic. (y) unitarily elastic. (z) relatively inelastic.

    Q : Average variable costs and average

    Both average variable costs and average total costs are demonstrated for this profit-maximizing firm, therefore this given figure depicts information for: (i) an oligopoly firm. (ii) operations in the short run since fixed costs are present, although

  • Q : Effects of Globalization On Indian

    On Indian industry what are the effects of globalization?

  • Q : Monopsony power without wage

    Can someone help me in finding out the right answer from the given options. The Minimum wage laws are most probable to increase the equilibrium employment when a firm has been exercising: (1) Monopoly power and price discrimination. (2) Employee choice in markets for