Total variable costs in pure competition

This profit-maximizing, as in demonstrated graph, of brickyard’s total variable costs are about: (i) $200 per day. (ii) $600 per day. (iii) $750 per day. (iv) $900 per day. (v) $1200 per day.

440_Profit Maximization1.png

How can I solve my Economics problem? Please suggest me the correct answer.

View Complete Question

Related Questions in Microeconomics

Q : Monopolistic competitive firm in normal

This monopolistically competitive firm in illustrated figure produces Q units as well as experiences: (1) economic profits equal to 0cbQ. (2) economic losses equal to cpab. (3) more than normal accounting profits. (4) marginal cost in excess of averag

Q : Long-run equilibrium output of

This monopolistic competitor produces Q0 units and is demonstrated: (w) earning total profit equal to 0PbQ. (x) as a price taker. (y) setting price equal to marginal revenue. (z) in long-run equilibrium.

Q : Complication in accusation of predatory

An accusation of predatory pricing is complicated to prove within a court of law since: (w) firms generally have too much power. (x) consumers and juries like the low prices and are less likely to fine a firm for lowering price. (y) predatory behavior

Q : Increase total revenue by increasing

A monopolist can raise total revenue by increasing output when: (w) demand is elastic. (x) demand is inelastic. (y) demand is unitarily elastic. (z) supply is perfectly elastic. Can someone explain

Q : Instance Diminishing Marginal Utility

Assume that you were permitted to eat as many ‘free’ jelly beans as you want at present. Subsequent to a few, you start to eat more slowly and to select some flavors over others. You might ultimately stop eating a ‘free’ and enjoyable good sinc

Q : Constant-cost in short-run

In a constant-cost, there purely-competitive industry in the short-run: (w) and long-run supply curves are positively sloped. (x) and long-run supply curves are negatively sloped. (y) and long-run supply curves are horizontal. (z) sup

Q : Managerial economics and good business

please find the attached file (project) and qoute for it. minimus 7 pages required.

Q : Determine supply curve for perfectly

Assume that all such curves in below demonstrated graph are infinitely long straight lines. The supply curve which is perfectly price-elastic is: (1) supply curve S1. (2) supply curve S2. (3) supply curve S3. (4) suppl

Q : Okun's Law Coefficient Is so Large Why

Why the Okun's Law Coefficient Is so Large? Okun's Law posits not a 1-to-1 relation but a 2.5-to-1 relationship between real GDP growth and the unemployment rate. That is, a one percentage-point fall in the unemployment rate is associated not with a 1 but a 2.5 percent boost in the level of produ

Q : Annual economic profit When point e

When point e corresponds to $9 per copy for Silver Screen DVDs, Nostalgia Corporation can produce annual economic profit of at mostly about: (i) $25 million. (ii) $35 million. (iii) $50 million. (iv) $75 million. (v) $100 million.

Discover Q & A

Leading Solution Library

Avail More Than 1436454 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1927323
Asked

3,689

Active Tutors

1436454

Questions
Answered

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

Submit Assignment