Loading
Home › Economics Help › ECON 1150 Suppose your boss comes to you with the followi...
Status: Completed
 View Work

ECON 1150 Suppose your boss comes to you with the following information – at the current level of Output, Q (Q = 210), Marginal Cost, MC = $8.50, Average Variable Cost, AVC = $4.00, and Average Total Cost, ATC = $6.25. - Marginal Cost, MC curve along with the Average Variable Cost, AVC curve, and Average Total Cost, ATC -currently operating (1) at its Profit Maximizing position – why or why not? (2) if not, would the firm want to increase or decrease output to arrive at its Profit Maximizing position? -Marginal Revenue, MR

Date Posted: 13/03/2019
Category: Economics
Due Date: 16/03/2019
Instruction
ECON 1150 Suppose your boss comes to you with the following information – at the current level of Output, Q (Q = 210), Marginal Cost, MC = $8.50, Average Variable Cost, AVC = $4.00, and Average Total Cost, ATC = $6.25. i. Given the information given to you by your boss, she wants you to draw a graph approximating what the entire Marginal Cost, MC curve along with the Average Variable Cost, AVC curve, and Average Total Cost, ATC curve would look like showing all the appropriate relationship(s) among these three curves. ii. If the Market Equilibrium Price = $5.50, explain carefully if the firm is currently operating (1) at its Profit Maximizing position – why or why not? (2) if not, would the firm want to increase or decrease output to arrive at its Profit Maximizing position? iii. What is the Marginal Revenue, MR for this firm? Explain carefully why this is the case. iv. At the firm’s Profit Maximizing position, is the firm operating at a positive economic profit, a negative economic profit, or at a zero economic profit? Why is this the case? v. At the firm’s current level of economic profit (as determined in part iii) what would be the behaviour in the MARKET as a whole – assuming all other firms are identical to this firm and have “perfect information” that the future will be the same: market entry, market exit, or neither? Why or why not? vi. If the Market Behaviour is as you explain in part iv above, what would be the profit position of this, and all other firms, at the point when the market re-establishes an equilibrium position AND how will the market’s equilibrium price have changed? Increased, decreased, or remained the same? Why? vii. Using a Graph of both the INDUSTRY and the individual representative FIRM, illustrate the changes to the INDUSTRY as explained earlier AND the final impact on the PROFITABILITY of the representative FIRM at the final EQUILIBRIUM position.
Attached
Download File 1 (docx)
Tutor Uploads
Download File 1 (docx)
Bidders
ExcellentTutor 7 years, 6 months ago
Rated 9.09 earned 174531.76 around 5422 assignments.
Hello, Consider hiring me to do your assignment. I work fast, pay close attention to the instructions, and deliver a plagiarism-free paper. My price is also negotiable to accommodate your budget. Talk to me. Thank you.
$15.00
  • {$ item.message_content $}
    {$ item.sender_username $} | {$ item.date_entered $}

{$ chatErrMsg[0] $}

{$ showNewChatSuccessMsg[0] $}
Unable to send Message: {$ showChatProcessErrorMsg[0] $}
 
 
exclusivewriter 7 years, 6 months ago
Rated 9.41 earned 74860.53 around 2443 assignments.
With over 10 years of writing experience, I guarantee high-quality plagiarism free work. I am your life saver!
$15.00
  • {$ item.message_content $}
    {$ item.sender_username $} | {$ item.date_entered $}

{$ chatErrMsg[1] $}

{$ showNewChatSuccessMsg[1] $}
Unable to send Message: {$ showChatProcessErrorMsg[1] $}
 
 
WBURO 7 years, 6 months ago
Rated 9.25 earned 75605.06 around 2167 assignments.
Hello, kindly consider my bid for this assignment I want to help you and I assure to deliver quality work, with zero percent plagiarism and in time as stated. Thank you
$25.00
  • {$ item.message_content $}
    {$ item.sender_username $} | {$ item.date_entered $}

{$ chatErrMsg[2] $}

{$ showNewChatSuccessMsg[2] $}
Unable to send Message: {$ showChatProcessErrorMsg[2] $}
 
 
bestwitter 7 years, 6 months ago
Rated 9.88 earned 11890.84 around 425 assignments.
How are you friend?Kindly allow me to complete your paper with an assurance of an original ,quality and plagiarism free work.For assurance kindly check my reviews from numerous satisfied clients. attached with free Turnitin reports, thank you.
$15.00
  • {$ item.message_content $}
    {$ item.sender_username $} | {$ item.date_entered $}

{$ chatErrMsg[3] $}

{$ showNewChatSuccessMsg[3] $}
Unable to send Message: {$ showChatProcessErrorMsg[3] $}
 
 
vickymi 7 years, 6 months ago
Rated 8.96 earned 6249.41 around 194 assignments.
kindly Hire me to work on your order. I have completed several orders in your area, and therefore I promise a high-quality paper, 100% plagiarism free and completed long before the deadline. I will appreciate if you hire my services for a thoroughly researched paper. I promise you an excellent paper which will make you happy and proud
$15.00
  • {$ item.message_content $}
    {$ item.sender_username $} | {$ item.date_entered $}

{$ chatErrMsg[4] $}

{$ showNewChatSuccessMsg[4] $}
Unable to send Message: {$ showChatProcessErrorMsg[4] $}
 
 
highquality 7 years, 6 months ago
Rated 8.77 earned 11734.44 around 327 assignments.
Hello, Kindly consider my bid and rest assured I will deliver the desired HIGH QUALITY. I have reviewed the instructions, and the paper falls under my specialization, and I will do thorough research to ensure it complies with all the academic standards. Moreover, I have studied the unit in my course degree and done related papers in previous semesters hence you can expect the best work from me. My work is always plagiarism free, delivered before the deadline and good graded_95% and above. Once assigned, I always maintain regular communication until you get the desired final result you ordered for. Please review my profile previous clients’ testimonial reviews for proof of my capabilities. Kind regards.
$30.00
  • {$ item.message_content $}
    {$ item.sender_username $} | {$ item.date_entered $}

{$ chatErrMsg[5] $}

{$ showNewChatSuccessMsg[5] $}
Unable to send Message: {$ showChatProcessErrorMsg[5] $}
 
 
Javawriter 7 years, 6 months ago
Rated 8.81 earned 69150.66 around 2092 assignments.
I will help you tackle the assignment, no confusion! no illusion! just an excellent, quality, perfect, scholarly and plagiarism free work
$15.00
  • can i help you?
    Javawriter | Mar 13, 2019, 20:33 PM
  • I will help you tackle this assignment. i have the necessary skills in this field of economics
    Javawriter | Mar 13, 2019, 20:34 PM
  • are you there friend
    Javawriter | Mar 13, 2019, 20:34 PM
  • {$ item.message_content $}
    {$ item.sender_username $} | {$ item.date_entered $}

{$ chatErrMsg[6] $}

{$ showNewChatSuccessMsg[6] $}
Unable to send Message: {$ showChatProcessErrorMsg[6] $}
 
 
onessmati14 7 years, 6 months ago
Rated 9.59 earned 37978.64 around 1232 assignments.
Hello dear client, I 'm a math tutor. Hope you're okay getting over 95%. Please assign me. Thank you!
$15.00
  • {$ item.message_content $}
    {$ item.sender_username $} | {$ item.date_entered $}

{$ chatErrMsg[7] $}

{$ showNewChatSuccessMsg[7] $}
Unable to send Message: {$ showChatProcessErrorMsg[7] $}
 
 
Robert_d_308 7 years, 6 months ago
Rated 9.37 earned 62524.46 around 2184 assignments.
Hello dear friend, I’m happy to help you today. I would like to express my interest in doing your assignment. I will go through your summary and instruction carefully and do your task. I promise to commit my skills and the great experience to guarantee you a top-notch quality paper, with zero grammatical errors, and a 100% free from PLAGIARISM. Besides my skill and experience, I respond promptly to my client and provide a quick turnaround. Kindly hire me, and I’ll make you proud. I’m looking forward to working with you. Thank you!
$15.00
  • {$ item.message_content $}
    {$ item.sender_username $} | {$ item.date_entered $}

{$ chatErrMsg[8] $}

{$ showNewChatSuccessMsg[8] $}
Unable to send Message: {$ showChatProcessErrorMsg[8] $}
 
 
lupita 7 years, 6 months ago
Rated 9.36 earned 11670.86 around 435 assignments.
Greetings! I would like to help you today. I've read and understand your instructions. Kindly assign me
$15.00
  • {$ item.message_content $}
    {$ item.sender_username $} | {$ item.date_entered $}

{$ chatErrMsg[9] $}

{$ showNewChatSuccessMsg[9] $}
Unable to send Message: {$ showChatProcessErrorMsg[9] $}
 
 
kennwals 7 years, 6 months ago
Rated 9.62 earned 40189.97 around 1191 assignments.
Dear client, Thank you for seeking help with us. Kindly assign me. Thank you.
$15.00
  • Hi there! Hope your doing well. Did you receive the file, I uploaded for the assignment?
    User_19727 | Mar 15, 2019, 08:50 AM
  • Yes. And I'm done
    kennwals | Mar 15, 2019, 09:27 AM
  • Please find the attached
    kennwals | Mar 15, 2019, 09:54 AM
  • Okay thank you! I will take a look
    User_19727 | Mar 15, 2019, 14:08 PM
  • How was it? Could you please release the funds
    kennwals | Mar 16, 2019, 04:57 AM
  • Sorry, it's been a busy weekend. I will take a look at it and release payment soon.
    User_19727 | Mar 17, 2019, 17:41 PM
  • Waiting
    kennwals | Mar 19, 2019, 13:59 PM
  • {$ item.message_content $}
    {$ item.sender_username $} | {$ item.date_entered $}

{$ chatErrMsg[10] $}

{$ showNewChatSuccessMsg[10] $}
Unable to send Message: {$ showChatProcessErrorMsg[10] $}
 
 
smartestwriter 7 years, 6 months ago
Rated 9.54 earned 25983.04 around 898 assignments.
With over 10 years of writing experience, I guarantee high-quality plagiarism free work. I am your life saver!
$15.00
  • {$ item.message_content $}
    {$ item.sender_username $} | {$ item.date_entered $}

{$ chatErrMsg[11] $}

{$ showNewChatSuccessMsg[11] $}
Unable to send Message: {$ showChatProcessErrorMsg[11] $}
 
 
tutorforyou 7 years, 6 months ago
Rated 9.04 earned 17105.49 around 504 assignments.
Hi friend️! Looking for an expert to handle you project? Worry no more because I have the best terms of service. I deliver comprehensive, detailed, exceptional, high-quality, and non-plagiarized work within the deadline. MY PASSION IS TO SEE YOU GET GOOD GRADES. What is your offer dear?
$15.00
  • {$ item.message_content $}
    {$ item.sender_username $} | {$ item.date_entered $}

{$ chatErrMsg[12] $}

{$ showNewChatSuccessMsg[12] $}
Unable to send Message: {$ showChatProcessErrorMsg[12] $}
 
 
surrogatewriter 7 years, 6 months ago
Rated 9.31 earned 75264.37 around 2854 assignments.
With over 10 years of writing experience, I guarantee high-quality plagiarism free work. I am your life saver!
$15.00
  • {$ item.message_content $}
    {$ item.sender_username $} | {$ item.date_entered $}

{$ chatErrMsg[13] $}

{$ showNewChatSuccessMsg[13] $}
Unable to send Message: {$ showChatProcessErrorMsg[13] $}
 
 
1stclasshonour 7 years, 6 months ago
Rated 9.22 earned 30856.96 around 773 assignments.
Hello, I have done a similar task recently. Kindly let me help you. Thanks
$15.00
  • {$ item.message_content $}
    {$ item.sender_username $} | {$ item.date_entered $}

{$ chatErrMsg[14] $}

{$ showNewChatSuccessMsg[14] $}
Unable to send Message: {$ showChatProcessErrorMsg[14] $}
 
 
DEDICATEDHELPER 7 years, 6 months ago
Rated 9.55 earned 22275.60 around 707 assignments.
Hi friend️! Looking for an expert to handle you project? Worry no more because I have the best terms of service. I deliver comprehensive, detailed, exceptional, high-quality, and non-plagiarized work within the deadline. MY PASSION IS TO SEE YOU GET GOOD GRADES. What is your offer dear?
$15.00
  • {$ item.message_content $}
    {$ item.sender_username $} | {$ item.date_entered $}

{$ chatErrMsg[15] $}

{$ showNewChatSuccessMsg[15] $}
Unable to send Message: {$ showChatProcessErrorMsg[15] $}
 
 
phoniextutor 7 years, 6 months ago
Rated 8.98 earned 50856.21 around 1767 assignments.
Hello, dear client, I have read and fully interpreted your question and I am ready and more than available to offer my services to you. Kindly select to hire me and will deliver high-quality unique work.Thank you in advance
$15.00
  • {$ item.message_content $}
    {$ item.sender_username $} | {$ item.date_entered $}

{$ chatErrMsg[16] $}

{$ showNewChatSuccessMsg[16] $}
Unable to send Message: {$ showChatProcessErrorMsg[16] $}
 
 
tutor4U_d_971 7 years, 6 months ago
Rated 9.33 earned 53632.21 around 1383 assignments.
I am an expert in Sociology, Religion, Political science, Psychology, Health Care, Nursing, Finance and Accounting, Economics, Business, Biology, HRM history and Government, Law, Auditing, Research papers, peer review articles, PPT slides, Calculus, Algebra online classes, and term papers. I guarantee distinct and excellent work. Quality, Timely and 100% plagiarism free work. Nothing short of A+++ and GPA 4.0
$15.00
  • {$ item.message_content $}
    {$ item.sender_username $} | {$ item.date_entered $}

{$ chatErrMsg[17] $}

{$ showNewChatSuccessMsg[17] $}
Unable to send Message: {$ showChatProcessErrorMsg[17] $}
 
 
ServiceMaster 7 years, 6 months ago
Rated 9.51 earned 22869.63 around 767 assignments.
Hello, I have over 8 years tutoring and I believe I can perfectly handle this assignment. Kindly let me help you. Thanks.
$15.00
  • {$ item.message_content $}
    {$ item.sender_username $} | {$ item.date_entered $}

{$ chatErrMsg[18] $}

{$ showNewChatSuccessMsg[18] $}
Unable to send Message: {$ showChatProcessErrorMsg[18] $}
 
 
funwriter 7 years, 6 months ago
Rated 9.44 earned 21955.32 around 740 assignments.
Hey, this assignment fits perfectly into my career and area of study in this course. In fact I have done similar assignments before and got bonus because of the quality work that I delivered. So kindly assign assignment to me for quality work and good grades. Thank you.
$15.00
  • {$ item.message_content $}
    {$ item.sender_username $} | {$ item.date_entered $}

{$ chatErrMsg[19] $}

{$ showNewChatSuccessMsg[19] $}
Unable to send Message: {$ showChatProcessErrorMsg[19] $}
 
 
protutor 7 years, 6 months ago
Rated 9.13 earned 14714.60 around 459 assignments.
Hello dayakm, am a native American, an experienced professor and academic writer, holding a PhD in Economics and a five-year experience in academic writing ,,I deliver a quality work free from plagiarism, timely I promise an A in this, thank you in Advance
$15.00
  • {$ item.message_content $}
    {$ item.sender_username $} | {$ item.date_entered $}

{$ chatErrMsg[20] $}

{$ showNewChatSuccessMsg[20] $}
Unable to send Message: {$ showChatProcessErrorMsg[20] $}