A. Draw and label graph of imperfect competition in movie theatre with detailed explanation B. Draw and label graph of economies of scale for movie theatres with detailed explanation
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A. Draw and label graph of imperfect competition in movie theatre with detailed explanation
B. Draw and label graph of economies of scale for movie theatres with detailed explanation
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- Marginal revenue and marginal cost intersect at pointA. Illustrate and label graph of imperfect competition in movie theatre with detailed explanation B. Illustrate and label graph of economies of scale for movie theatres with detailed explanationED Page view A Read aloud V Draw E Highlight 1. A local restaurant has a weekly fixed cost of $1507 per week, and unit costs of $1.75 per hamburger. They sell the hamburger for $5.99. a. Sketch the graph of the following cost and revenue functions. Shade and label the area of profit and loss. b. Label the ordered pair (x,y) for the break-even point. You end up selling 500 hamburgers in a week. Explain if it was a good or a bad week, and tell me how much money you profited or lost. C.
- How to calculate profit of loss in perfect competition in short runWhat type of market competitive environment Amazon operates in?Case P Q TR TC TFC TVC AC AVC MC 2. 8000 1000 3.50 3.00 4.50 • Step 1: Compare Pwith(AVC) (or Compare(TRwith(TVC) 3.00 8000 If P Shut down. If P >AVC => go to step 2. Step 2: Compare P with MC please find P, Q, AFC, TVC and EXPLAIN how you get the answers.
- Show graphs of perfect competition in 3 situations profitable price, price causing loss and shutdown price and explain them in your own language.Instructions: For profit/loss, round your answers to two decimal places. If you are entering any negative numbers be sure to include a negative sign () in front of those numbers. A loss should be entered as a negative number. Check my work b. Given a price of $8 per gift box, how many boxes of chocolate should Choco Lovers produce? gift boxes What will the profit or loss be per gift box? 24 per gift box C. Suppose that Choco Lovers raises the price to $10 per gift box. Now how many boxes should Choco Lovers produce? gift boxes What will the new profit or loss be per gift box?Calculate GeneTech Total Revenue, Total cost and Economic profit. (Show all formulas and calculations)
- The graph shows the situation facing Mike's Bikes Inc., a producer of mountain bikes. The demand and costs of other mountain bike producers are similar to those of Mike's Bikes. Draw a point to show the quantity of mountain bikes that Mike's produces and the price of a bike. Draw a shape to show the firm's economic profit or loss. Label it 400 350- 300- 250 200- 150- 100 50- 0+ Price and cost (dollars per bike) 0 MC ATC MR D 50 100 150 200 250 300 Quantity (mountain bikes per week) >> Draw only the objects specified in the question. Q EWhat is meant by economy of scope and how does Starbucks use it?Explain how Coca-Cola, Inc. takes advantage of economies of scope.