Business, 09.12.2019 19:31 Funkyatayo
Suppose that a monopolistically competitive restaurant is currently serving 230 meals per day (the output where mr = mc). at that output level, atc per meal is $10 and consumers are willing to pay $12 per meal. instructions: enter your answers as whole numbers. a. what is the size of this firm’s profit or loss? b. will there be entry or exit? will this restaurant’s demand curve shift left or right? c. suppose that the allocatively efficient output level in long-run equilibrium is 200 meals. in long-run equilibrium, suppose that this restaurant charges $11 per meal for 180 meals and that the marginal cost of the 180th meal is $8. what is the size of the firm’s economic profit? d. suppose that the allocatively efficient output level in long-run equilibrium is 200 meals. in long-run equilibrium, suppose that this restaurant charges $11 per meal for 180 meals and that the marginal cost of the 180th meal is $8. is the deadweight loss for this firm greater than or less than $60?
Answers: 1
Business, 21.06.2019 13:30
The average daily foreign exchange trading by banks around the world is closest to $ a. 1.5 trillion b. 1 trillion c. 600 billion d. 700 billion e. 1.3 trillion
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Business, 22.06.2019 21:00
At present, the united states has an embargo against north korea because a. the two countries have extremely poor political relations. b. north korea will not adopt a capitalist government. c. north korean products are too difficult to use. d. north korea has an embargo on american products. e. products from north korea are in higher demand than american-made products.
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Business, 22.06.2019 21:30
Suppose that alexi and tony can sell all their street tacos for $2 each and all their cuban sandwiches for $7.25 each. if each of them worked 20 hours per week, how should they split their time between the production of street tacos and cuban sandwiches? what is their maximum joint revenue?
Answers: 3
Suppose that a monopolistically competitive restaurant is currently serving 230 meals per day (the o...
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