Safari File Edit View History Bookmarks Develop Window Help [] 94% Sun 5:03 PM E

Question

Safari File Edit View History Bookmarks Develop Window Help [] 94% Sun 5:03 PM ED ezto.mheducation.com Exam 2-Ch 11, 12, 13, 14, and 18 Exam 2 Ch 11, 12, 13, 14, and 15 instructions I h Question 14 (of 25) Save & Exit Subnm save & Exit | | Subm Time remaining: 1:44:22 14. Based on the following table Total Costs Output Price 10 10 80 140 220 340 a. The profit-maximizing output bs units. b. in the long run, the market price w,(Click to seeen l because cek to select) remain unchanged decline

Explanation / Answer

a. 5 units

b. rise because firm will exit the market

As for 5 units , p = mc ,

at Q = 5 , TR = 50, TC = 65 , So negitive profit , Firms will exit and price rises.

If you don't understand anything, then comment, I will revert back on the same.

And If you liked the answer then please do review the same. Thanks :)

Related Questions

Navigate

• Browse (All)
• Browse S
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.