MULTIPLE CHOICE OPTIONS: QUESTION 6: Select 1 through 4 all have the same options: Quantity / Price / ATC / Profit MULTIPLE CHOICE OPTIONS: QUESTION 7: Select 1: ATC = P / MC = MR / ATC = MR Select 2: Lowest / Highest / Market (equilibrium) Select 3: Demand / MC / ATC Select 4 and 5 have the same options: Quantity / Price / MC. Thank you so much ?

they are willing to lose money in the shor to gam Sommar San Question 8 8 pts What are the four steps that are listed in the PPT presentation to show a firm earning economic profit in the short run First find the [Select] Draw the demand, MR, ATC, and MC curves for a perfectly competitive firm earning economic profit in the short-run (be sure to draw the ATC below the point where MR and MC cross. Complete the 4 steps on your graph to show the amount of profit the firm is earning. You can make up numbers if it makes it easier for you. Question 6 Second find the [Select] Third find the [Select] Fourth find the [Select] Question 7 > > > 11 Edit View Insert Format Tools Table 12pt v Paragraph BIUA T2v The profit-maximizing quantity will always be found where [Select] The price for a competitive firm will always to equal to the [Select] price. In order to find the ATC on a graph for a firm earning economic profit, go straight up from the profit-maximizing quantity until you hit the [Select] over to the $ axis. Profit per unit can be calculated by subtracting ATC from the [Select] Total profit can be found by multiplying the profit per unit by the curve and then [Select]