Business Economic Assignment, SU, Malaysia Using the axes as constructed below, depict marginal revenue and marginal cost curves that would support the conclusion
| 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.
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 (Ï€ = 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 (Ï€ < 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
Assignmenthelper.my is an innovative homework helper website that connects students who need help with their homework to knowledgeable experts. Our expert assignment writers understand the importance of submitting high-quality assignments and have received consistently positive feedback from their customers.
Recent Solved Questions
- What is Alibaba’s category of e-commerce, and how has it evolved over the years: Digital Business, Assignment, INTI, Malaysia
- MPU3223: Entrepreneurship 2 Assignment, OUM, Malaysia Select any ONE entrepreneur in Malaysia that you know, and identify the competitor’s resources of that entrepreneur
- The strategic role of HRM is becoming vital in ensuring the success and failure of business operations: Strategic, HR Planning, Selection and Recruitment Assignment, OUM, Malaysia
- You are required to prepare the alignment and detailed design of the proposed drainage system: Hydraulic Essay, UTM, Malaysia
- GSGM7334: Project Management Assignment, UIU, Malaysia The CIO of A&D High Tech, Matt Webb, needs to determine whether the proposed online store project can be completed in time
- Information Technology Case Study, UTP, Malaysia Students are given an article British Airways suffers data breach compromising information
- Management Accounting Techniques Assignment, UTIM, Malaysia Capital Investment becomes a crucial investment decision in an uncertain economic environment needs to be made
- B99BP: Comparing how they can be used for rhGH production including discussion of the following elements: Bioprocessing Assignment, Malaysia
- Statistical Decision Making Assignment, SU, Malaysia Briefly describe your chosen research area or problem statement, and identify the issues to be investigated
- BMHR5103: Human Resource Management Assignment, OUM, Malaysia Human resource management has a responsibility to ensure that the organization follows Occupational Safety and Health
