Explain the answers to the questions given. If the question has multiple sections, mention each section...

   

Transcribed Image Text:

Explain the answers to the questions given. If the question has multiple sections, mention each section before providing answer for it. Question 41 (2 points) The following are cost and revenue curves for a firm in imperfect competition. 70 3 30 30 20 1 2 3 4 5 Quantity MK BI U- 19-v + Ea < D C Question 42 (2 points) For a firm with the cost curves shown below, identify the (a) break-even price (b) break-even quantity. S1800 16.00 14.00 Price 36.00 Quantity AC B 4 Lato com 19px 7 9 E es D Question 43 (2 points) In an industry that is characterized as an oligopoly, what happens to a firm's revenue and market share if they raise prices and what happens to their revenue and market share if they lower prices. Late Recom.v B I F M Ea 5 P G Question 44 (2 points) Copy (Ctrl+C OR Command+C) the following table and paste it (Ctrl+V OR Command+V) into the answer box. (If it doesn't paste the table, try selecting the table plus the blank line above and below it. If that still doesn't work just type in the answers in the answer box). Complete the table. Quantity Price TR MR 1 80 2 75 3 70 4 65 5 60 55 7 50 8 45 9 40 10 35 B I U Ex 19px D Previous Page Next Page Page 22 of 23 Question 45 (2 points) Explain any 2 advantages of a cap and trade system of regulating emissions over a carbon tax system. BIU 19px E + ess D G Explain the answers to the questions given. If the question has multiple sections, mention each section before providing answer for it. Question 41 (2 points) The following are cost and revenue curves for a firm in imperfect competition. 70 3 30 30 20 1 2 3 4 5 Quantity MK BI U- 19-v + Ea < D C Question 42 (2 points) For a firm with the cost curves shown below, identify the (a) break-even price (b) break-even quantity. S1800 16.00 14.00 Price 36.00 Quantity AC B 4 Lato com 19px 7 9 E es D Question 43 (2 points) In an industry that is characterized as an oligopoly, what happens to a firm's revenue and market share if they raise prices and what happens to their revenue and market share if they lower prices. Late Recom.v B I F M Ea 5 P G Question 44 (2 points) Copy (Ctrl+C OR Command+C) the following table and paste it (Ctrl+V OR Command+V) into the answer box. (If it doesn't paste the table, try selecting the table plus the blank line above and below it. If that still doesn't work just type in the answers in the answer box). Complete the table. Quantity Price TR MR 1 80 2 75 3 70 4 65 5 60 55 7 50 8 45 9 40 10 35 B I U Ex 19px D Previous Page Next Page Page 22 of 23 Question 45 (2 points) Explain any 2 advantages of a cap and trade system of regulating emissions over a carbon tax system. BIU 19px E + ess D G