# 25 Point Value (Quantity) 1 108 E 112 K 40 Using that chart above answer the following questions: The profit maximization/loss minimization price / quanity

25

Point

Value (Quantity)

1

108

E

112

K

40

Using that chart above answer the following questions:

The profit maximization/loss minimization price / quanity is which of the following

Quantity: Number

Price Number

would be the total revenue be at the optimum production point above?

Number

would be the total fixed costs be at quantity 40?

Number

Total Costs are 3,178. The firm will

Click for List

because it Click for List

Number

(Put Positive Nur

buy another firm

OSS)

produce

shutdown

/SUS Using that chart above answer the following ques

The profit maximization/loss minimization price /

Quantity: | Number

Price. Number

would be the total revenue be at the optimum production poin

Number

would be the total fixed costs be al quantity 40?

Number

Total Costs are 3,178. The

because

Number

(Put Positive Number in

a Loss)

is experiencing a loss greater than total fixed costs

/BUS

f7

f8

f9

f10

f11

[X

X

&

**

6

7

8

9 22 Winter Term (1212)) (QA04) / Quiz #3- Chap

Remaining Time: 00:49:40

Assume there are 600 companies that produce cell phones, All cell phones are black and have identical features. The graph

below provides the demand curve and production costs for the all the producers in the cell phone industry.

616

42

KIE

13 2 4

Point

Value(Quantity)

108

112

K

104

G

40

Using that chart above answer the following questions:

The profit maximization/loss minimization price / quanity is which of the following

Quantity: Number

Price: Number

would be the total revenue be at the optimum production point above?

Number

would be the total fixed costs be at quantity 40?

Number

Total Costs are 3,178. The firm will Click for List

because it

Click for List

Number

(Put Positive Number in Even if it is a Loss),

is experiencing a loss greater than total fixed costs

Is experiencing a loss less than total fixed costs

is earning a profit

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