help in homework

New User?

Fill This Form To Receive Instant Help

Help in Homework
trustpilot ratings
google ratings


Homework answers / question archive / The graph below shows the Chamberlin model

The graph below shows the Chamberlin model

Economics

The graph below shows the Chamberlin model. At the profit maximizing price and output the firm is making s D (Short Run) ATC MC d 1 Quantity 0 A B C D positive economic profit. negative economic profit. zero economic profit. it is impossible to tell from the information given.

pur-new-sol

Purchase A New Answer

Custom new solution created by our subject matter experts

GET A QUOTE

Answer Preview

As we know, a profit maximising firm will produce at that level where marginal revenue is equal to the marginal cost, therefore, we can say that the firm will produce the quantity A and at that quantity price is greater than the average total cost, therefore, we can say that the firm is making positive economic profit.

Sitejabber (5.0)

BBC (5.0)

Trustpilot (4.9)

Google (5.0)