CORRECTED ECONOMICS ?

posted by .

You own four firms that produce different products. The following table summarizes the conditions in each firm. After calculating the missing numbers for each firm, make one of the following four decisions regarding operations in each firm, and explain why a particular decision is reached.
(a) continue producing the same output level
(b) shut down
(c) increase output
(d) decrease output
*hint*- if MR>MC increase; if MR<MC decrease, if MR=MC no change; if AVC>P shut down
FIRM P MR TR Q TC MC ATC AVC
A 11 8 ? 20 200 5 ? 9
B 3 1 ? 100 ? 1.5 2.5 2
C 4 2 200 ? ? 2 7 5
D 8 5 ? 10 70 5 ? 6

  • CORRECTED ECONOMICS ? -

    What, exactly, is your question? Do a little research then take a shot.

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. Economics

    You own four firms that produce different products. The following table summarizes the conditions in each firm. After calculating the missing numbers for each firm, make one of the following four decisions regarding operations in each …
  2. college econ

    You own four firms that produce different products. The following table summarizes the conditions in each firm. After calculating the missing numbers for each firm, make one of the following four decisions regarding operations in each …
  3. managerial economics

    Consider the one-shot, simultaneous move game below, and answer the accompanying questions: Player & Strategy Firm B Left Right Firm A Up 4,4 0,0 Down 0,0 2,2 (a)List the strategies for Firm A and Firm B (b)State the set of strategy …
  4. Microeconomics

    What keeps oligopolies from becoming a monopoly?
  5. ECONOMICS

    Two price setting firms have the same price and marginal revenue functions but face different cost functions. These functions are provided below. P = 165 - 0.025Q MR = 165 - 0.05Q Firm 1: TC = 4,000 + 15Q Firm 2: TC = 3,000 + 22Q a. …
  6. economics

    5. A market contains a group of identical price-taking firms. Each firm has a marginal cost curve MC(Q) = 2Q, where Q is the annual output of each firm. A study reveals that each firm will produce if the price exceeds $20 per unit …
  7. accounting

    Write a 3-4 page paper that summarizes your findings from the four (4) scenarios as well as how using Microsoft Excel helped you with this process, using the following outline: 2. Summarize the various accounting systems that each …
  8. econ

    P=15-Q/1000. Suppose there are two firms in this market. Compute equilibrium quantities and profits for each firm, and the equilibrium market price. Hint: Start with thinking about the number of loaves a firm will sell in a month — …
  9. Economics

    Which of the following firms caould raise prices and expect an increase in revenues?
  10. Economics

    Two firms produce the same good and compete against each other in a Cournot market. The market demand for their product is P = 204 - 4Q, and each firm has a constant marginal cost of $12 per unit. MR1 = 204 - 8q1 - 4q2. Let q1 be the …

More Similar Questions