Total costs by charges profit-maximizing price

When LoCalLoCarbo produces the profit-maximizing quantity and charges the profit-maximizing price, in that case its total costs equal the area of the rectangle as: (i) 0P₃cq₂. (ii) bdP₄P₁. (iii) 0P₄dq₂. (iv) bcP₃P₁. (v) 0P₂fq₄.

1410_Market Power and Marginal Revenue.png

Please guys help to solve this problem of Economics with some explanation.

View Complete Question

Related Questions in Microeconomics

Q : Labor Force Participation Rates The

The percentage of a specified population who are either unemployed or employed is termed as the: (1) labor force participation rate. (2) work-force proportion. (3) labor supply. (4) substitution effect dominance rate. (5) income-leisure loss curve.

Q : Problem on individual supply curves The

The market supply curve is derived via: (i) Evaluating the net costs for each potential level of output. (ii) Inverting (or taking the mirror image of) the market demand curve. (iii) Horizontally summing up individual supply curves. (iv) Averaging the

Q : Essentially occurrence of profit

Profit maximization does not essentially occur when a firm: (w) maximizes TR - TC. (x) minimizes total cost. (y) sets MR = MC and P > min.(AVC). (z) maximizes (P x Q) - (Q x ATC). Hey friends please give your op

Q : Price ceilings causes shortages of a

When price ceilings cause shortages of a good in that case the good tends to be: (1) replaced by substitutes by many consumers. (2) allocated by several non price mechanism. (3) more valuable to consumers than the money prices charged

Q : Economic profit at profit-maximizing

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 equ

Q : Linear demand curves and elasticity

When price falls and quantity rises along a negatively-sloped linear demand curve: (1) total revenues fall till elasticity equals zero, then this rises. (2) demand is decreasingly price elastic. (3) there is a contrad

Q : Importance of Store of Value function

Importance of Store of Value function of money: People save a portion of their earnings for utilization in future. But in what form? Money fulfills this requirement of the people. Money as a store of value signifies that money is an asset and can be s

Q : Competitive Profit Maximization Can

Can someone please help me in finding out the accurate answer from the following question. The profit-maximizing competitive firm hiring from the competitive labor market will be in balance or equilibrium where: (i) w = MRC. (ii) MPP = MRC. (iii) VMP = MPP. (iv) VMP =

Q : Monopolists maximize profits Maximizing

Maximizing the net social benefits from a specified stock of resources does NOT need that: (i) price equals marginal cost for all goods. (ii) marginal social benefit equals marginal social cost [MSB = MSC]. (iii) no one can be made better off unless s

Q : Problem on Substitute Goods Can someone

Can someone help me in finding out the right answer from the given options. The substitute goods are: (i) Usually consumed altogether. (ii) Inferior to luxury goods. (iii) Generally free goods. (iv) Replacements for each other.

Discover Q & A

Leading Solution Library

Avail More Than 1412029 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1931818
Asked

3,689

Active Tutors

1412029

Questions
Answered

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

Submit Assignment