Using the axes as constructed below, depict marginal revenue and marginal cost curves that would support the conclusion: Business Economic Assignment, SU, Malaysia

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.

Business Economic

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

If you are looking for Malaysia assignment help, visit our website today! We can provide the best academic papers and assignments within the deadline. Our professional essay writers will put in their best efforts to fulfill your requirements. You will get high-quality content at very affordable prices from us. So don't wait and contact us today!

Answer

Recent Solved Questions

Online Exam & Assignment Writing Services

11770+ Orders Delivered

4.9/5
5 Star Rating

Confidential & Secure Assignment Help For

Group Assignment Help

Online Exam -Test & Quiz

Cheapest Price Quote

Diploma & Certificate Levels

Semester & FYP Papers

Summative & Individual

GBA & Reflective

Last Minute Assistance

Sample Assignment Download

BSR455 Building Pathology I UITM Assignment Sample Malaysia
The BSR455 Building Pathology I course is a comprehensive introduction to the field of building pathology. It introduces students to the basic science principles behind building behavior and safety, emphasizing…
Engineering
IMU790 Dissertation UITM Assignment Sample Malaysia
IMU790 Dissertation Course encourages students to tap into their research skills and complete advanced academic studies. It provides a platform for advanced inquiry, completing an extensive research dissertation, and defending…
Assignment Sample

UP TO 15 % DISCOUNT

Instant Paper Writing Services by Native Malaysia Writers

Plagiarism Free Solutions
100% Original Work
24*7 Online Assistance
Native PhD Experts
Hire a Writer Now

Get Assistance for Assignments, online Exam, and Projects Writing