--%>

Profit-maximizing pure competitor at break-even point

The break-even point as illustrated below for that profit-maximizing pure competitor happens at the price consequent to: (w) point f. (x) point h. (y) point j. (z) point k.

1056_profit-maximizing.png

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

   Related Questions in Microeconomics

  • Q : Profit-maximizing price and output

    Unlike a purely competitive firm, a monopolist can: (w) select a price and sell as much as this needs (x) equate marginal revenue as well as marginal cost to maximize profits. (y) produce any required amount and sell as much as this d

  • Q : International federal or agreements and

    Consider goods for that various people are willing and capable to pay much more than the costs of production therefore widespread shortages exist. International federal or agreements, state and local laws as well as regulations are probably key factor

  • Q : Exploitation of Labor I have a problem

    I have a problem in economics on Exploitation of Labor Please help me in the following question. The exploitation might not exist even when wage a worker is paid is less than the worker’s: (1) average revenue product. (2) The value of marginal p

  • Q : Increasing economic profits in a

    Rising economic profits within a competitive market do NOT produce pressures for: (i) expansions of existing firms. (ii) entry by new firms. (iii) price hikes. (iv) increases in costs for specialized resources. (v) ultimate erosion of

  • Q : Supply of Labor-Income and Substitution

    I have a problem in economics on Supply of Labor: Income and Substitution Effects. Please help me in the following question. When the income effect of higher wage rate is more influential than the substitution effect, then: (1) The supply curve of labor is positively

  • Q : Problem on Agency Shop Agreements Can

    Can someone please help me in finding out the accurate answer from the following question. Needs for all the workers to pay union dues or the equivalent are features of collective bargaining agreements that firms will function: (1) An open shop. (2) A closed shop. (3)

  • Q : Direction of the income effect The

    The direction of the income effect can’t be: (i) Negative for inferior goods. (ii) Positive for the luxury goods. (iii) Zero for a good which some people consider a requirement. (iv) Expected when we know only the size and direction of substitution effect.

  • Q : Determine short-run supply curve When

    When curve C reflects the long run supply curve for this industry as in illustrated figure, in that case the short-run supply curve would be: (i) curve A. (ii) curve B. (iii) curve C. (iv) curve D. (v) curve E.

  • Q : Problem regarding labor monopsonist The

    The labor monopsonist will hire labor up to the point where the marginal: (1) Revenue product of the labor equivalents the wage. (2) Resource cost of labor equivalents the salary. (3) Revenue product of labor equivalents its marginal resource cost. (4) Resource cost o

  • Q : What is Average Total Cost What is

    What is Average Total Cost. Also write down its formula?