Explain the situation in which a profit maximizing

Assignment Help Macroeconomics

Reference no: EM133390520

Question: Graph the profit maximization for a perfectly competitive firm. Show equilibrium profit and quantity.

Show and explain the situation in which a profit maximizing, perfectly competitive firm is earning a positive economic profit. Be sure to label the profit maximizing level of output and shade in the area that represents profit.

Show and explain the situation in which a profit maximizing, perfectly competitive firm is earning a negative profit and chooses to continue to produce in the short-run.

Show and explain how B would change if the firm chose to shut down. What would have to happen to cause the firm to shut down.

Reference no: EM133390520

Questions Cloud

Compare the impacts of immigration for european communities : "Race is a social construction." Explain the meaning of this statement, discussing at least two moments in U.S. history when government institutions have used

What do you think was the best of the five observations : What do you think was the best of the five observations of George Kennan about the USSR and they way to handle the USSR? Why?

What are your reactions to this unit reading : What are your reactions to this unit's reading? What aspects of Linton's experiences do you relate to and/or what aspects are the most surprising or new for you

What is the professional revolutionary and why does lenin : What is the "professional revolutionary" and why does Lenin argue they are essential? Who appoints, elects, or otherwise chooses them? Why isn't a trade union

Explain the situation in which a profit maximizing : Explain the situation in which a profit maximizing, perfectly competitive firm is earning a positive economic profit. Be sure to label the profit maximizing

Can you think of a cost associated with being warm blooded : What has to be true at each step of evolution of the eye, from a more primitive structure to a more advanced one?

Which brought suffering and death to millions : The eighteenth century was the period of the European Enlightenment, which celebrated tolerance and human liberty. Paradoxically, it was also the era

How did independence leaders like him define american : How did independence leaders like him define "American"? Who belonged and who didn't? To what extent does the Latin understanding of "American" differ from

Address geopolitical risks and climate change : address geopolitical risks and climate change, policymakers can help ensure a more resilient and sustainable global economy in the years to come

User Account

All Pages