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exhibit 5 long run average cost sratca sratcgsratcc 50 40...

Question: exhibit 5 long run average cost sratca sratcgsratcc 50 40...

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Exhibit 5, Long run Average Cost SRATCAİ SRATCgSRATCc 50 40 unit 30 LRAC Costs per (dollars) 20 10 0 500 1.000 1.500 2.000 Quantity of output units per week)

24- In Exhibit 5, diseconomies of scale are shown in the range of 0 to 500 units per week b. 500 to 1,000 units per week c. 1,000 to 2,000 units per week d. zero per week. Exhibit 6 Demand curve for concert tickets Price per 30 ticket (dollars) 20 10 Demand 0 10 20 30 40 Quantity of tickets per concert thousands) 26-According to Exhibit 6, the demand for concert tickets is: inelastic. b. elastic. unitary elastic perfectly elastic. C. d. 27-In Exhibit 6, if promoters charge a price of $10 per ticket, then their total revenue is: a. $240,000. b. $300,000. c. $333,333. d. $800,000. 28-In Exhibit 6, if promoters raise their prices from $10 to $40 per ticket, then their total revenue will: a. b. decrease. c. remain unchanged. d. increase react unpredictably.

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