What is the maximum technical efficiency output level

Assignment Help Microeconomics

Reference no: EM13693976

1) What is the maximum technical efficiency output level for this firm ?

2) On the diagram above, AVERAGE FIXED COST is the LOWEST at .what Quantity ?

3) On the diagram above, AVERAGE VARIABLE is the HIGHEST at. what Quantity ?

4) If the market Price =$80, what is the profit maximizing output level for this firm ?

5) At the output level you answered for question (20), what will be the TOTAL PROFITS for this firm?

6) In the long run, this firm will make profits equal to what?

7) This firm would have positive profits so long as the market price was ABOVE what ?(how many dollars?)

8) This firm would make zero profits if the market price was equal to what? (How many dollars ?)

9) This firm would make negative profits (lose money), if the market price was below what? (how many dollars ?)

Reference no: EM13693976

Questions Cloud

What is her annual after-tax rate of return : What is her annual after-tax rate of return if the bond matures in 10 years?

Calendar year corporation and athens : Calendar year corporation and Athens

Record the following transactions in the general journal : Record the following transactions in the general journal

International marketing strategy bringing companyies : International Marketing Strategy Bringing Companyies/ Product(s) into Saudi Arabia Retail Franchise.

What is the maximum technical efficiency output level : What is the maximum technical efficiency output level for this firm ? On the diagram above, AVERAGE FIXED COST is the LOWEST at .what Quantity ? On the diagram above, AVERAGE VARIABLE is the HIGHEST at. what Quantity ?

Who suffers from alleged ethical and legal lapses of airbus : In each of the cases described, who bene? ts and who suffers from the alleged ethical and legal lapses of Airbus and how should the public relations staff at Airbus respond to the articles appearing in The Economist, The Guardian and Reuters ..

Price elasticity of demand and total revenue : Explain the relationship between the price elasticity of demand and total revenue. What are the impact of various forms of elasticity (elastic, inelastic, unit elastic, etc.) on business decisions and strategies to maximize profit? Explain using empi..

Calculate the tower diameter and packing height : Calculate the tower diameter and packing height and calculate NTU - Ammonia in air being absorbed by a pure water stream in a packed tower.

What is the difference between scarcity and shortage : What is the difference between scarcity and shortage? Give an example of each and argue whether or not (for each of your examples) the problem of scarcity or shortage will ever be solved. If so, how?

User Account

All Pages