Help with Ecomomcis homework!!

Anonymous
timer Asked: Apr 17th, 2017

Question description

This is a economics housework. Questions are in the file

Perfect Competition Consultants Price Quantity 4 TR 20 200 TC TVC 300 ATC 3.5 -300 5100 25 Profit/Loss 100 AVC MC 3 5 15 10 90 -100 3000 30 0 2000 20 The four perfect competitors shown above have hired you to advise them. The only concern they have is to maximize profits. Based on your analysis of the data for each of their situations, what would you advise each of them to do and why? 1) 2) 3) 4) Monopoly Consultants Price MR 10 5 50 Q TR 100 TC 2500 2600 5 90 70 8000 2250 PROFIT/ LOSS +50 +2000 +750 TVC 30 5000 ATC AVC MC 7 52 32 8 5(min) 60 50 50 50 The four monopolists show above have hired you to advise them. The only concern they have is to maximize profits as well. Based on your analysis of the data what would you advise each of these firms to do and why? 1) 2) 3) 4)

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