Which of the following equations calculates economic profits for a monopoly? O A. Profits P+ATC/Q O...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Which of the following equations calculates economic profits for a monopoly? O A. Profits P+ATC/Q O B. Profits =PxQ O C. Profits = (P-ATC) x Q. O D. Profits = ATCXQ 8- The graph on the right illustrates the demand (D), marginal revenue (MR), marginal cost (MC), and average total cost (ATC) curves for a monopoly Use these curves to show a firm's profits. 4- 1.) Using the point drawing tool, place a point at the output and price combination that would maximize profits for this monopoly. Label your point 'A 3- 2.) Using the point drawing tool, place a point on the average total cost curve at the profit-maximizing output level. Label your point 'B. ATC 2 MC 3.) Using the rectangle drawing tool, depict the area that would represent the profit this monopoly is earning. Label your area Profit. MR D Carefully follow the instructions above and only draw the required objects. S 10 15 35 40 45 50 25 30 Quantity Edit Coordinates (10,6) Which of the following equations calculates economic profits for a monopoly? O A. Profits P+ATC/Q O B. Profits =PxQ O C. Profits = (P-ATC) x Q. O D. Profits = ATCXQ 8- The graph on the right illustrates the demand (D), marginal revenue (MR), marginal cost (MC), and average total cost (ATC) curves for a monopoly Use these curves to show a firm's profits. 4- 1.) Using the point drawing tool, place a point at the output and price combination that would maximize profits for this monopoly. Label your point 'A 3- 2.) Using the point drawing tool, place a point on the average total cost curve at the profit-maximizing output level. Label your point 'B. ATC 2 MC 3.) Using the rectangle drawing tool, depict the area that would represent the profit this monopoly is earning. Label your area Profit. MR D Carefully follow the instructions above and only draw the required objects. S 10 15 35 40 45 50 25 30 Quantity Edit Coordinates (10,6)
Expert Answer:
Related Book For
A Survey of Mathematics with Applications
ISBN: 978-0134112107
10th edition
Authors: Allen R. Angel, Christine D. Abbott, Dennis Runde
Posted Date:
Students also viewed these organizational behavior questions
-
The top graph on the right shows the daily number of workers absent from the assembly line at J. B. Davis Corporation and the number of defects coming off the assembly line for each of 9 days. The...
-
Graph the ATC curves for Plant 1 and Plant 2. Explain why these ATC curves differ. The table shows the production function of Jackie's Canoe Rides. Labor (workers per dayl 10 20 30 40 Canoes Output...
-
Graph the ATC curves for Plant 1 and Plant 2. Explain why these ATC curves differ. The table shows the production function of Bonnie's Balloon Rides. Bonnie's pays $500 a day for each balloon it...
-
Dodona I, LLC, invested $ 4 million in two securities offerings from Goldman, Sachs & Co. The investments were in collat-eralized debt obligations ( CDOs). Their value depended on residential...
-
Find an equation of the parabola. Then find the focus and directrix. -2
-
The following information is available for Wright Auto Supply at December 31, 2009. Cost of goods sold ................$277,000 Depreciation expense on building .......... 29,000 Income taxes expense...
-
Quilts R Us (QRU) is considering investing in a new patterning attachment with the cash flow profile shown in the table below. QRU's MARR is 13.5 percent/year. a. What is the internal rate of return...
-
Crede Company budgeted selling expenses of $30,000 in January, $35,000 in February, and $40,000 in March. Actual selling expenses were $31,000 in January, $34,500 in February, and $47,000 in March....
-
what are the benefits of the relational model relationships and ERD ( entity-relationship model)?
-
Margie Company needs your help to record and summarize its accounting transactions for 2021 and to prepare its financial statements for that year. Margie Company provided you with the following...
-
Discuss how the Affordable Care Act of 2 0 1 0 and subsequent Medicaid expansion impacted healthcare insurers and providers. Discuss the potential impact of hospital price transparency on competition.
-
How do you decide upon your timeline? What are the key milestones? How do you ensure your timeline is done in a SMART (specific, measurable, attainable, relevant, and timebound) way?
-
List and describe the four steps in the positioning process. List the six elements of price planning and briefly describe each one.
-
How can representativeness bias, availability bias, overconfidence bias and anchoring bias can effect your decision making? Take examples from your daily life to answer the question.
-
How could you analyze and align organizational learning strategy with HR (human resources) requirements?
-
Academic Argument Assignment" As a result of your advocacy, you have been asked to present your findings on your social justice issue in a formal academic setting. This assignment asks that you...
-
Job 1 233 Processing Time Due Date in Days 7 152 (day) 8 12 6 4 18 5 6 17) Using the data in the table above a) (6 points) Sequence jobs according to SPT. b) (6 points) Find the average cycle time...
-
The Place-Plus real estate development firm in Problem 24 is dissatisfied with the economists estimate of the probabilities of future interest rate movement, so it is considering having a financial...
-
A cylindrical hot-water heater has a diameter of 0.56 m and a height of 1.17 m. If the hot-water heater is filled, determine the volume of water in the hot-water heater in (a) Cubic meters. (b)...
-
Reduce each fraction to lowest terms. 28/63
-
A sample of 75 people yielded the following information about their health insurance. Number of People . . . . . . . . . . . . . . . . . . . Types of Insurance 33 . . . . . . . . . . . . . . . . . ....
-
Explain why the business objectives of owners and managers are likely to diverge. How might owners attempt to ensure that managers act in their interests and not in the managers own interests?
-
1. In what ways did the defence industries respond to the ending of the Cold War? 2. Using an Internet search, find out how the defence and security industries have responded to the threat of...
-
What is the Standard Industrial Classification (SIC)? In what ways might such a classification system be useful? Can you think of any limitations or problems such a system might have over time?
Study smarter with the SolutionInn App