--%>
Assignment Help - homework help

Charging price in short run for profit maximizing

Now Roast chicken dinners replace fried chicken in popularity in this given demonstrated figure. In the short run that profit maximizing firm will charge a price equal to: (w) $12.00. (x) $11.00. (y) $10.00. (y) $9.00. (z) $6.50.

2063_Market Power and Short Run Economic Profit.png

Hello guys I want your advice. Please recommend some views for above Economics problems.

   Related Questions in Microeconomics

  • Q : Determine average variable cost in curve

    As din demonstrated curve J in below is this Christmas tree: (w) industry’s supply curve. (x) firm’s demand curve. (y) firm’s average variable cost curve. (z) firm’s short-run supply curve.

    Q : Monopolistic Exploitation dilemma In

    In equilibrium for the price maker firm, the rate of monopolistic exploitation is the difference between: (p) P and MR. (q) P and MC. (iii) Total revenue and net cost per unit of output. (r) Output price and rate of monopsonistic exploitation. (s) VMP and MRP.

  • Q : Minimum-wage Select the right ans wer

    Select the right ans wer of the question. Critics of minimum-wage legislation argue that it: A) keeps inefficient producers in business. B) reduces employment.C) undermines incentives to work. D) is deflationary.

    		•
  • Q : Moral Hazard-Risk of money When you

    When you paid a friend’s entrance fee for the poker tournament and agreed to divide any winnings and then your friend played sloppily as your money is at risk, not his, and then you have suffered since of: (1) Adverse selection. (2) Fraudulent information. (3) I

    		•
  • Q : Main economic purpose of financial

    A financial system's main economic reason is to: (w) channel savings to more efficient and productive uses. (x) print money to assist the government. (y) increase the money multiplier. (z) protect individuals against recessions.

    		•
  • Q : Law of Supply Law of Supply : Supply

    Law of Supply: Supply means the goods provided for sale at a price throughout a particular period of time. This is the capacity and intention of the producers to gen

    		•
  • Q : Hire labor at any amount in purely

    When this purely competitive firm can hire any amount of labor at pre hour wage of $9 per worker, in this given figure, as it will hire: (1) L2 workers. (2) L3 workers. (3) L4 workers. (4) L5 workers. (5) L<

    		•
  • Q : Price elasticity of demand as

    As the Shmoo Recording Studio raised CD production from 3 million units to 5 million units, this was forced to discount CD prices down by $18 to $15. Then price elasticity of demand for Shmoo CDs is as: (w) 0.022. (x) 0.36. (y) 1.0. (z) 2.75.

  • Q : Changes in Bonds and Interest Rates

    When you buy a bond if the interest rate is 10% and sell this while the interest rate is 15%, in that case you will receive: (w) less than you paid for the bond. (x) more than you paid for the bond. (y) the same amount which you paid for the bond. (z)

    		•
  • Q : Long run economic profits for

    Long run economic profits for monopolistic competitors are prohibited by: (w) easy entry and exit. (x) the kinked demand curve. (y) barriers to entry. (z) diminishing marginal returns. Please choos

    		•