Weekly economic profit of profit maximizing firm

The profit maximizing firm currently here in illustrated graph can generate a weekly economic profit of approximately: (1) $29,000. (2) $31,500. (3) $34,000. (4) $36,500. (5) $39,000.

1314_Market Power and Short Run Economic Profit.png

Can someone explain/help me with best solution about problem of Economics...

View Complete Question

Related Questions in Microeconomics

Q : Profit Maximization-Labor Markets If,

If, after hiring the very last worker, the firm's profit is similar as it was before the last worker was hired, then the firm must: (1) Hire more workers to raise gain. (2) Layoff certain workers to raise the gain. (3) Not hire any more workers. (4) Shut down in short

Q : Variation in demand curve with price

The demand curve along with price elasticity which definitely varies along the curve is within: (w) Panel A. (x) Panel B. (y) Panel C. (z) Panel D.

Q : When is short run profit maximized

Short-run profit is maximized only while: (w) economic profit > accounting profit. (x) total cost = total revenue. (y) MC = MR (greater than minimum AVC). (z) costs are minimum or revenue is maximum. How can I s

Q : Define cost Cost : This refers to the

Cost: This refers to the money expenses acquired on the production of a specified amount of commodity.

Q : Wage Discrimination-supply labor curve

The employer with monopsony power which as well had the capability to wage discriminate perfectly would confront the marginal factor cost of the labor curve: (i) Similar to the supply of labor curve it faces. (ii) Lower than the supply of labor curve it faces. (iii) H

Q : Illustrate normative statement In

In economics illustrate normative statement?

Q : Wage discrimination Wage discrimination

Wage discrimination due to race or sex occurs while: (w) members of some groups are paid less for equal work than other groups. (x) certain groups are excluded from particular occupations. (y) housing conditions are inequitable between economic classe

Q : Monopoly a monopolist has two plants

a monopolist has two plants with two different cost functions.given output for one plantis given how do calculate output for the other plant?

Q : Unemployment Select right answer for

Select right answer for Unemployment: A) causes the production possibilities curve to shift outward. B) can exist at any point on a production possibilities curve. C) is illustrated by a point outside the production possibilities curve. D) is illustra

Q : Problems on Featherbedding The

The Contracts needing employment after some worker’s jobs have been made outdated by automation are illustrations of: (1) Labor-reducing protectionism. (2) Featherbedding. (3) Check-off provisions. (4) Yellow dog contracts. (5) Blacklisting.

Discover Q & A

Leading Solution Library

Avail More Than 1415918 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1942138
Asked

3,689

Active Tutors

1415918

Questions
Answered

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

Submit Assignment