Question: I need help on these 5 microeconomic questions: Question 26 (2.5 points) The market for corn is perfectly competitive, and an individual corn farmer faces

 I need help on these 5 microeconomic questions: Question 26 (2.5points) The market for corn is perfectly competitive, and an individual cornfarmer faces the cost curves shown in the accompanying gure. If theprice of a bushel of corn in the market is $14, thenthe farmer will produce ______ of corn and earn an economic ______equal to ______. 1, ATC ,0 AVG 0 I 2 3 45 6 7 Omntltyotcornmn Choose the best answer from the options below.4 bushels; prot; $0 0 O 4 bushels; prot; just less than$80 per bushel 2 bushels; prot; $0 0 O 2 bushels; loss;

I need help on these 5 microeconomic questions:

just more than $80 per bushel Question 27 (2.5 points) Consider theperfectly competitive market for sports jackets. Suppose the demand and supply forsports jackets are as follows: Demand: P = 20 0.005Q Supply: P= 0.005Q A representative rm in this market has a marginal cost,MC = 10Q. In the short run, the prot-maximizing output is _________units for an individual rm and the equilibrium price is __________ .0 None of the above Question 28 (2.5 points) Use the followinggraph to answer the next questions. The graph below shows the costcurves for coffee beans for a representative rm in the coffee bean

Question 26 (2.5 points) The market for corn is perfectly competitive, and an individual corn farmer faces the cost curves shown in the accompanying gure. If the price of a bushel of corn in the market is $14, then the farmer will produce ______ of corn and earn an economic ______ equal to ______. 1, ATC ,0 AVG 0 I 2 3 4 5 6 7 Omntltyotcornmn Choose the best answer from the options below. 4 bushels; prot; $0 0 O 4 bushels; prot; just less than $80 per bushel 2 bushels; prot; $0 0 O 2 bushels; loss; just more than $80 per bushel Question 27 (2.5 points) Consider the perfectly competitive market for sports jackets. Suppose the demand and supply for sports jackets are as follows: Demand: P = 20 0.005Q Supply: P = 0.005Q A representative rm in this market has a marginal cost, MC = 10Q. In the short run, the prot-maximizing output is _________ units for an individual rm and the equilibrium price is __________ . 0 None of the above Question 28 (2.5 points) Use the following graph to answer the next questions. The graph below shows the cost curves for coffee beans for a representative rm in the coffee bean market. Assume the market is perfectly competitive and the market price is currently $12. In the short run, this rm should produce Pm. \fQuestion 29 (2.5 points) In the short run, this firm's current total cost (TC) equals Price MC ATC 16 AVC 15 Price=12 10 14 20 25 Quantity\fQuestion 30 (2.5 points) Use the graph below to answer the next question. P From the graph above, which of the following statement is false? 0 Monopoly revenues are given by the area BCQ10 O The deadweight loss in this market is given by the area CEF O The total prot for this monopolist is given by the area BCED O The consumer surplus is given by the area ABC O The producer surplus is given by the area DEQ1O

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