Assume that the cost data in the table is purely for competition. d) In the tabl
ID: 1255361 • Letter: A
Question
Assume that the cost data in the table is purely for competition.
d) In the table below complete a short run supply schedule for the firm (colums 1 and 2) and indicate the profit or loss incurred at each output (column 3)
Price (1)
Quantity Supplied Single Firm (2)
Profit (+) or Loss (-) (3)
Quantity Supplied 1500 Firms (4)
$26
32
38
41
46
56
66
Please use the information and numbers given to work the answer.
Price (1)
Quantity Supplied Single Firm (2)
Profit (+) or Loss (-) (3)
Quantity Supplied 1500 Firms (4)
$26
32
38
41
46
56
66
Explanation / Answer
Column (2) data, top to bottom: 0; 0; 5; 6; 7; 8; 9, Column (3) data, top to bottom in dollars: -60; -60; -55; -39; -8; +63; +144.
Related Questions
drjack9650@gmail.com
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.