Profit-maximizing or loss-minimizing output graphs

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• Finding optimal level of production

  Graphs are missing here. Solution: a. Identify the firm's profit maximizing (or loss minimizing output) Firm's profit maximizing/loss minimizing output level is where MC curve intersects MR curve i.e. output level of q2. b.

• Determining profit maximizing output level

  For profit maximization or loss minimization MR=MC=P In the given case MR=MC=P=$3.50 So, we can say that firm is maximizing its profits or minimizing its losses at this output level.

• Perfect competition and monopoly comparison using specific examples that include ATC, Quantity sold, price, MC, MR, etc.

  (1) Perfectly competitive firm: (a) The loss minimizing/profit maximizing output is to produce where MC = P = MR, that is, in this case at $3.50. That means that it is operating at the loss minimizing/profit maximizing output.

• firm's marginal revenue

  What can you say about the relationship between marginal revenue and marginal cost for output rates below the profit-maximizing (or loss-minimizing) rate? For output rates above the profit-maximizing (or loss-minimizing) rate?

• How to find the profit maximizing level of output.

  What can we say about the relationship between marginal revenue and marginal cost for output rates below the profit-maximizing for loss-minimizing rate? For output rates above the profit-maximizing or loss-minimizing rate?

• Find firm's profit-maximizing (or loss minimizing) output

  What is the firm's profit-maximizing (or loss minimizing) output (Q) level? What is the amount of its economic profits (or losses) at this output level? What would be the firm's decision at this price/output level?

• Economic profit, loss and shutdown

  If it is preferable to produce, what will be the profit-maximizing or loss-minimizing output? What economic profit or lose will the firm realize per unit of output? B).

• profit-maximizing or loss-minimizing output

  This job determines profit-maximizing or loss-minimizing output.

• The Marginal Revenue Curve: What is the monopoly's profit-maximizing output level?

  a) What is this producer's profit-maximizing (loss-minimizing) output level? b) What are the firm's economic profits (or economic losses)?