201 Q#3 calc practice

What quantity of production is the efficient scale achieved?

(a)  

In perfect competition, at a market price of $2, how many units should be produced?

(a)  

How much fixed costs does this operation have in the short run?

(a)  

When producing 5 units, anything = or less than what price would be the shutdown point??

(a)  

In perfect competition, if this firm was producing 5 units, what is the break-even price?

(a)  

In perfect competition, if this firm could only produce 2 units, the price range to operate at a loss would be ____ < P < ____.

(a)  

In perfect competition, with a price of $4, what is the profit maximizing quantity?

(a)  

In perfect competition, with a price of $4, what is the amount of profit/loss produced?

(a)  

In perfect competition, for an optimal firm, how much revenue should be generated when the price is $3

(a)  

Would a monopoly firm in this market earn a profit or loss?

(a)