The profit maximizing output, level of profit and loss .

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Chapter 12, Problem 12.3.8PA

Subpart (a):

To determine

The profit maximizing output, level of profit and loss.

Subpart (b):

To determine

The profit maximizing output, level of profit and loss.

Subpart (c):

To determine

The profit maximizing output, level of profit and loss.

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The following attached graph represents the situation of Sindbad’s caps, a firm selling caps in the perfectly competitive caps industry. please no handwriting graph QUESTION 1 How much output should Sindbad produce to maximize his profit, if the market price is equal to $11? How much profit (loss) will he earn? Indicate the profit (loss) area on the graph. Suppose Sindbad decides to shut down. What would his loss be?

The following attached graph represents the situation of Sindbad’s caps, a firm selling caps in the perfectly competitive caps industry. QUESTION 1 How much output should Sindbad produce to maximize his profit, if the market price is equal to $11? How much profit (loss) will he earn? Indicate the profit (loss) area on the graph. Suppose Sindbad decides to shut down. What would his loss be?

Answer the following question based on the graph below, which is for Blue Smooth Yoga Mats Ltd. one of 50 small firms operating in the industry. a. What is the profit-maximizing output? Output: b. What price will the firm charge? Price: $ c. How much excess capacity exists at the output in (a)? Excess capacity: d. Is Blue Smooth making economic profits? e. Is the current situation long-run equilibrium?

Answer 2

Question

Chapter 12, Problem 12.3.8PA

Subpart (a):

To determine

The profit maximizing output, level of profit and loss.

Subpart (b):

To determine

The profit maximizing output, level of profit and loss.

Subpart (c):

To determine

The profit maximizing output, level of profit and loss.

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Check out a sample textbook solution

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Answer 3

Question

Chapter 12, Problem 12.3.8PA

Subpart (a):

To determine

The profit maximizing output, level of profit and loss.

Subpart (b):

To determine

The profit maximizing output, level of profit and loss.

Subpart (c):

To determine

The profit maximizing output, level of profit and loss.

Expert Solution & Answer

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Check out a sample textbook solution

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Answer 4

Question

Chapter 12, Problem 12.3.8PA

Subpart (a):

To determine

The profit maximizing output, level of profit and loss.

Subpart (b):

To determine

The profit maximizing output, level of profit and loss.

Subpart (c):

To determine

The profit maximizing output, level of profit and loss.

Expert Solution & Answer

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Check out a sample textbook solution

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Answer 5

Chapter 12, Problem 12.3.8PA

Subpart (a):

To determine

The profit maximizing output, level of profit and loss.

Subpart (b):

To determine

The profit maximizing output, level of profit and loss.

Subpart (c):

To determine

The profit maximizing output, level of profit and loss.

Answer 6

Chapter 12, Problem 12.3.8PA

Subpart (a):

To determine

The profit maximizing output, level of profit and loss.

Answer 7

Chapter 12, Problem 12.3.8PA

Subpart (a):

To determine

The profit maximizing output, level of profit and loss.

Answer 8

Subpart (b):

To determine

The profit maximizing output, level of profit and loss.

Answer 9

Subpart (b):

To determine

The profit maximizing output, level of profit and loss.

Answer 10

Subpart (c):

To determine

The profit maximizing output, level of profit and loss.

Answer 11

Subpart (c):

To determine

The profit maximizing output, level of profit and loss.

Answer 12

Expert Solution & Answer

Answer 13

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Answer 14

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Answer 15

Ch. 12 - Prob. 12.1.1RQ Ch. 12 - Prob. 12.1.2RQ Ch. 12 - Prob. 12.1.3RQ Ch. 12 - Prob. 12.1.4PA Ch. 12 - Prob. 12.1.5PA Ch. 12 - Prob. 12.1.6PA Ch. 12 - Prob. 12.1.7PA Ch. 12 - Prob. 12.1.8PA Ch. 12 - Prob. 12.2.1RQ Ch. 12 - Prob. 12.2.2RQ

The profit maximizing output, level of profit and loss .

Solution Summary: The author explains how the profit maximizing output, level of profit and loss, can be determined by multiplying the output with price.

The profit maximizing output, level of profit and loss.

The profit maximizing output, level of profit and loss.

The profit maximizing output, level of profit and loss.

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Chapter 12 Solutions