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Question: please redo this problem and check my work i have...

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PLEASE REDO THIS PROBLEM AND CHECK MY WORK. I HAVE ONLY ONE ATTEMPT LEFT!!! ANSWERS MUST BE CLEAR TO READ AND ALSO THE GRAPHS!! PLEASE LIST ALL THE CORRINDATE POINTS FOR THE GRAPH!!

Consider the price-taker market for dress shirts. The following graph shows the marginal cost (MC), average total cost (ATC), and average variable cost (AVC) curves for a typical firm in the market 90 踑》 70) 2 60 TC 50 O 40 15, 25 30 AVC 20 0 10 20 30 40 50 0 70 80 0100 QUANTITY (Thousands of shirts)

For each price in the following table, use the graph to determine the number of shirts this firm would produce in order to maximize its profit. Assume that when the price is exactly equal to the average variable cost, the firm is indifferent between producing zero shirts and the profit-maximizing quantity. Also, indicate whether the firm will produce, shut down, or be indifferent between the two in the short run. Lastly, determine whether it will make a profit, suffer a loss, or break even at each price Price (Dollars per shirt) 15 Quantity (Shirts) Produce or Shut Down? Profit or Loss? Shut down Shut down Either shut down or produce Produce Produce Produce Loss Loss Loss Break even 25 Either 0 or 45,000 ▼ 60,000 65,000 70,000 70 Profit ▼ 85 Profit

On the following graph, use the orange points (square symbol) to plot points along the portion of the firms short-run supply curve that corresponds to prices where there is positive output. (Note: You are given more points to plot than you need) 90 Firms Short-Run Supply 80 70 30 20 0 0 20 30 40 50 070 8 QUANTITY (Thousands of shirts) 100

Suppose there are 7 firms in this market, each of which has the cost curves previously shown.

On the following graph, use the orange points (square symbol) to plot points along the portion of the market short-run supply curve that corresponds to prices where there is positive output. (Note: You are given more points to plot than you need.) Then, place the black point (plus symbol) on the graph to indicate the short-run equilibrium price and quantity in this market. 100 90 Demand Market Short-Run Supply 80 70 Equilibrium 60 」40 0 30 20 10 0 70 140 210 280 350 420 490 560 630 00 QUANTITY (Thousands of shirts)

At the current short-run market price, firms will _producein the short run. In the long run, some firms will enter

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