Four firms produce four different goods. Deter mine which firms should shut down in the short run
Question:
Four firms produce four different goods. Deter mine which firms should shut down in the short run and/or in the long run, given the following data for each.
PRICE 1.00 0.50 2.00 2.50 TC AFC AVC CRAYON PENCIL PEN HIGHLIGHTER $80 $0.65 1.40 2.00 700 1.00 QUANTITY SHUT DOWN IN THE SHORT RUN? SHUT DOWN IN THE LONG RUN? MC =MR 100 200 300 HIGHLİGHTER 400 CRAYON PENCIL PEN
Step by Step Answer:
Quantity MC MR Shut down in the Short Run Shut Down in the Long R...View the full answer
Related Video
Jack is preparing for mid-term exams. He is really working hard and highlighting important points on the book. He mistakenly highlights the line he doesn\'t want to. He tries to remove the highlight mark with an eraser but nothing happens. After the eraser he tries whitener, Oops it gets worse. He searches the method to remove the highlighter marks on the Solutioninn site. He finds the answer within no time. He leaves. After returns with lemon juice and cotton in his hands. He takes a piece of cotton and pours lemon juice from the bottle onto a piece of cotton. He applies lemon juice to the mark and feels relaxed after removing the highlighter marks. Now he wants to know how this happens. He again types the question on the Solutioninn site\'s search bar and finds a detailed answer.
Students also viewed these Economics questions
-
In the short run of a model with sticky prices, a reduction in the money supply raises the nominal interest rate and appreciates the currency (Chapter 15). What happens to the expected real interest...
-
Given the following data for Alberts fabricating production area: Fixed costs for one shift .......= $60,000 Unit variable cost ............= $7 Selling price ....................= $12 Number of...
-
A perfectly competitive firm will shut down in the short run when a. ATC > P > AVC. b. AVC > P > ATC. c. AVC > P. d. ATC > P.
-
If a large chilled water plant has 6 chillers and 5 of them are operating at 1 0 0 % , when the operator starts the 6 th chiller, to what percent do the first 5 chillers unload? What formula do you...
-
1. Review the approaches of the two companies illustrated below. Which tends to vertical integration and which tends to virtual integration? 2. Produce a table summarizing the benefits and...
-
Indicate whether each of the following statements is true or false by writing T or F in the answer c olumn. A postdated check is one that is written subsequent to the date appearing on the instrument.
-
For each situation, calculate the WACC: a. Risk-free rate is 5 percent, expected market return is 11 percent, \(\beta\) is 0.75 , after-tax cost of debt capital is 5 percent, split between...
-
Pineview Co., organized on June 1, 2010, was authorized to issue stock as follows: 80,000 shares of preferred 9% stock, convertible, $100 par 250,000 shares of common stock , $2.50 stated value...
-
In 1960, Maury bought a new house for $12,900. How much would it have cost in 2010? Round your answer to the nearest dollar. CPI in year B (price in year A) Year CPI Price in year B = CPI in year A...
-
Your client, Susan Nipentuck, is a skilled plastic surgeon. She recently purchased a yacht on which she flies a large pennant with a medical emblem (caduceus) displayed thereon. Susan usually...
-
What is total profit (or total loss)? OUTPUT P AR MR MC AVC ATC 1 $140.00 2 130.00 3 120.00 4 110.00 5 100.00 90.00 80.00 70.00 60.00 50.00 $31.00 $31.00 $54.00 28.00 29.50 41.00 31.00 30.00 37.67...
-
Monopolists can choose to produce at any price along its demand curve, but that option does not exist for firms in perfect competition. Explain.
-
Cramer's rule can be applied to systems of three linear equations in three variables. For the system of equations the solution can be written as follows. If D 0 a unique solution exists and is given...
-
A method of determining the appropriate value of a company's common stock by analyzing company-specific information such as the company's expected earnings growth, dividend payout, risk, and other...
-
What is exempted under Rule 504 of the SEC's Regulation D? Explain the Rule 504 of the SEC's Regulation D.
-
Jenny is creating a calculated field to display the tax payable on individual units of stock based on fields in her tables. What will the final calculated field look like? The Query Design Grid....
-
If f(x) = (5 - x), then f(3) =
-
What is the concept of a semaphore in the context of operating systems, and what role does it serve in managing concurrent processes or threads? explain with examples
-
In Problems 5994, solve each inequality. Express your answer using set notation or interval notation. Graph the solution set. 1 3x +4>(x-2)
-
A firm offers two products for sale. The marginal cost of one product is new zero once the first unit has been produced. The marginal cost of the other product rises as output rises. What would be...
-
The following table describes the production possibilities of two cities in the country of Baseballia: a. Without trade, what is the price of white socks (in terms of red socks) in Boston? What is...
-
The following table describes the production possibilities of two cities in the country of Baseballia: a. Without trade, what is the price of white socks (in terms of red socks) in Boston? What is...
-
Suppose that in a year an American worker can produce 100 shirts or 20 computers, while a Chinese worker can produce 100 shirts or 10 computers. a. Graph the production possibilities curve for the...
-
(14%) Problem 6: A ring planet of radius R has a mass M. A space ship with mass m is at point P, a distance x from the center of the ring along its central axis, as shown in the figure. R x- P A 17%...
-
On July 1, Arcola Company purchases equipment for $330,000. The equipment has an estimated useful life of 10 years and expected salvage value of $40,000. The company uses straight-line depreciation....
-
(14%) Problem 5: The figure shows a spaceship that fires an instrument package of mass select part at a planet with mass M=1.4E26 kg and radius R=1300 km. The spaceship is a distance 5R from the...
Study smarter with the SolutionInn App