The graph below summarizes the demand and costs for a firm that operates in a monopolistically competitive market. Instructions:
1 answer:
The summary of the demand and costs for a firm that operates in a monopolistically competitive market.
- 1) 7 units at MC=MR
- 2) $ 130 D value at 7 unit
- 3)
ATC values are at q=7
Generally, the equation In a competitive market, neither a single customer nor a single manufacturer can have a significant impact on the market. Its reaction to supply and demand changes as seen by the supply curve, which depicts the amount of a good
In conclusion, the summary of the demand and costs for a firm that operates in a monopolistically competitive market.
1) 7 units at MC=MR
2) $ 130 D value at 7 unit
3)
ATC values are at q=7
Complete question
The graph of the question is attached below
Read more about the competitive market.
#SPJ1
You might be interested in
Answer:
A
Explanation:
Let's solve the equation to be written as y in terms of x by adding y to and subtracting 12 from both sides:
3x - y = 12
3x - 12 = y
Now, replace y in the other expression that we want to find () with this expression 3x - 12:
Now, we also know that 8 = 2³, so substitute 2³ for 8 in the expression:
Remember that when dividing powers with the same base (in this case, the common base is 2), the result will be a single power whose exponent is the difference of the other two powers. Here, then we have:
Thus, the answer is A.