..ooo Boost 8:18 AM 100% Back 3. Use the information in the graphs below to answ
ID: 1210063 • Letter: #
Question
..ooo Boost 8:18 AM 100% Back 3. Use the information in the graphs below to answer the following true/fase questions. (10 pls.) Firn A Firm B MC ATC AVC Rato of Output Rate of Output Firm Ahas monopolypower. -i. Firm B is a competitive tim a. j. If firm B produces output 92 it would k. Total fixed costs for firn B equal area L. Firm B can earn ccononic profits of m. Output q for firm B represents a b. Firm B is a price maker suffer an economic loss. . c. Fim Ars a price taker. Fim B perceives the price of their product as a given. OPgcq up to P2Pab. point in the inelastic range of the d. Firm A is operating in the short run period of production c. Firm B is operating in the long run period of production _ f. _g. At output Q0, firm A is profit -h. demand curve -n. To cam economic profits, firm A maximizing. should produce less than Qo At output q 1, firm B maximizes its potential total revenues.Explanation / Answer
a true i true
b false j false
c false k false
d true l true
e true m false
f false n true
g true
h true
Related Questions
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.