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[solution] » (18) Firm A has excess capacity at Q =   (19) AC is high at this output level


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(18) Firm A has excess capacity at Q =  


(19) AC is high at this output level because average ________ cost is high.


If firm A keeps increasing its output in the short run Average Fixed costs would (20)____  and average variable costs would (21)______ and total fixed costs would (22)______


23) If the price falls below $________ , in the long run, firm A will shut down.


(24) what kind of industry in Firm A in ?

(25) Firm A would maximize profits at P = $______  and Q_______

(26) Exactly how much profits is firm A making at the price and quantity you answered for (25) ?

(27) What is the maximum technical efficiency output for this firm?


 


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[solution] » (18) Firm A has excess capacity at Q =   (19) AC is high at this output level .zip

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This paper was answered on 14-Oct-2020

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