ECO 365 Week 3 Worksheet | eBooks | Education

ECO 365 Week 3 Worksheet

ECO 365 Week 3 Worksheet PLDZ-7728
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ECO 365 Week 3 Worksheet 

https://plus.google.com/u/0/108200033792883877670/posts/dWT4sDYbQKM

 

ECO 365 Week 3 Worksheet

 

Complete the Worksheet.

Click the Assignment Files tab to submit your assignment.

Use the graph below to respond to (a) through (d):

 

 

 

 

 

    1. a) If the firm represented by the above set of cost curves is able to sell its product in a perfectly competitive market for a price of $5.50, it will maximize profit by producing how much output?

 

 

 

 

 

 

 

 

 

    1. b) If the firm represented by the above set of cost curves is able to sell its product in a perfectly competitive market for a price of $5.50 and it produces the profit-maximizing level of output, calculate the firm’s total revenue:

 

 

 

 

 

 

 

 

 

    1. c) If the firm represented by the above set of cost curves is able to sell its product in a perfectly competitive market for a price of $5.50 and it produces the profit-maximizing level of output, calculate the firm’s total cost:

 

 

 

 

 

 

 

 

 

  1. d) If the firm represented by the above set of cost curves is able to sell its product in a perfectly competitive market for a price of $5.50 and it produces the profit-maximizing level of output, calculate the firm’s profit:

 

 

ECO 365 Week 3 Worksheet https://plus.google.com/u/0/108200033792883877670/posts/dWT4sDYbQKM ECO 365 Week 3 Worksheet Complete the Worksheet. Click the Assignment Files tab to submit your assignment. Use the graph below to respond to (a)
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