Business Economic Assignment, SU, Malaysia Using the axes as constructed below, depict marginal revenue and marginal cost curves that would support the conclusion
| University | Sunway University (SU) |
| Subject | Business Economic |
Question 1A
Using the axes as constructed below, depict marginal revenue and marginal cost curves that would support the conclusion that the optimal short-run output is q = 1000. Be sure to label all important values.
Question 1B
Is this a short-run equilibrium? Why or why not? Explain.
Question 2A
Reproduce your graph from Question 1 but add an average total cost curve to the picture in such a way that the firm is earning zero profits (π = 0).
Upload your graph.
Question 2B
Does your graph in Question 2A depict a short-run equilibrium? If so, explain why. If not, explain why not.
Question 3A
Again, reproduce your graph from Question 1. For this question, depict a different ATC curve, one where the firm has negative profits (π < 0) at the profit-maximizing output of 1000. Add an additional average cost curve that will allow you to determine whether to shut down or keep producing at q = 1000. Graphically indicate the profits on your graph.
Upload your graph.
Question 3B
Based on the graph you provided, should the firm produce q = 1000 in the short run or should it shut down, producing q = 0? Why? Please explain.
Stuck in Completing this Assignment and feeling stressed ? Take our Private Writing Services.
Get Help By Expert
Assignmenthelper.my is an innovative homework helper website that connects students who need help with their homework to knowledgeable experts. Our expert assignment writers understand the importance of submitting high-quality assignments and have received consistently positive feedback from their customers.
Recent Solved Questions
- Pharmacology Assignment, UKM, Malaysia Today a 25-year-old male presented to the pharmacy and expressed concern to the pharmacist about the frequency
- FPIT1083: Introduction to Computer Networks Coursework, TARC, Malaysia You, as a network engineer, have been required to design a network topology for the company
- MPCF7113: Critically evaluate the business performance (for examples, sales, profit, production, and prospect): Corporate finance, Assignment 2, CU, Malaysia
- BNRE6113: Learning Skill Assignment, LUC, Malaysia Information technologies have affected every aspect of human activity and have a potential role to play in the field of education
- Human Ecology Thesis, MUM, Malaysia In the year 2001, the Global System of Mobile Telecommunication (GSM) was introduced into the Nigerian market
- CT047-3-M: Analysis and Solutions (Proposing a Big Data Conceptual Framework): Big Data Analytics And Technology Assignment, AUTI, Malaysia
- MTH61304: Engineering Mathematics II Assignment, TU, Malaysia The Heaviside unit step function is a function that can “switch on” and “switch off” at a given term at a specific value of time
- DMT5023: Statistical Analysis Assignment, MSU, Malaysia Develop an SPSS data set based on Table 1 with a minimum of 100 responses
- Master of Energy Systems Assignment, UOM, Malaysia Conventional energy sources like coal, gas, and oil are rapidly depleting while the world energy demand is growing more rapidly
- Science Research Paper, UM, Malaysia Corrosion is generally understood to be the destruction of a metal by the action of corrosive agents
