Question

Just now
Question TA
Using the axes as constructed below, depict marginal revenues and
marginal cost curves that would support the conclusion that the
optimal short run output is q 1000 Be sure to label alt important
values. Upload graph
Question 1B
Is this a short run equilibrium? 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 eaming
zero profits (r = 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 (it <0) at the profit maximizing output of 1000. Add an
additional average cost curve that will allow you to determine
whether to shutdown or keep producing at Q = 1000.
Question 3B
Should the firm produce Q = 1000 in the short run or should it
shutdown, producing Q = 07​

Answer 1

Answer:

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Explanation:

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