15. (3 points)In the above figure, if the price is $16, a profit-maximizing perfectly competitive firm

15. (3 points) In the above figure, if the price is $16, a profit-maximizing perfectly competitive firm

will

A) produce 50 units.

B) produce 35 units.

C) produce 10 units.

D) choose not to produce.

16. (3 points)  In the above figure, if the price is $12, a profit-maximizing perfectly competitive firm will have an economic profit

A) of less than $100 but more than $0.

B) of more than $100.

C) that is negative, that is, it will have an economic loss.

D) of zero, that is, it will break even with a normal profit.

17. (3 points) Using the above figure, of the prices below, which price enables a perfectly competitive firm to earn the maximum economic profit?

A) $4 per unit.

B) $10 per unit.

C) $12 per unit.

D) $16 per unit.

18. (3 points)  In the above figure, below what minimum price will a perfectly competitive firm shut down rather than produce?

A) for any price less than $16 per unit

B) for any price less than $12 per unit

C) for any price less than $8 per unit

D) for any price less than $4 per unit

201MC18ATCAVCPrice and cost ( dollars per unit )DO ON A QaD2O5 10 15 20 25 30 35 40 45 50Quantity ( units per day )

Show more







Calculate Your Essay Price
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more

Order your essay today and save 10% with the coupon code: best10