# ECO 365 Week 3 Worksheet

Entire Course Link

https://uopcourses.com/

https://plus.google.com/u/0/108200033792883877670/posts/dWT4sDYbQKM

ECO 365 Week 3 Worksheet

Complete the Worksheet.

Click the Assignment Files tab to submit your assignment.

Use the graph below to respond to (a) through (d):

a) If the firm represented by the above set of cost curves is able to sell its product in a perfectly competitive market for a price of $5.50, it will maximize profit by producing how much output?

b) If the firm represented by the above set of cost curves is able to sell its product in a perfectly competitive market for a price of $5.50 and it produces the profit-maximizing level of output, calculate the firm’s total revenue:

c) If the firm represented by the above set of cost curves is able to sell its product in a perfectly competitive market for a price of $5.50 and it produces the profit-maximizing level of output, calculate the firm’s total cost:

d) If the firm represented by the above set of cost curves is able to sell its product in a perfectly competitive market for a price of $5.50 and it produces the profit-maximizing level of output, calculate the firm’s profit:

https://uopcourses.com/

https://plus.google.com/u/0/108200033792883877670/posts/dWT4sDYbQKM

ECO 365 Week 3 Worksheet

Complete the Worksheet.

Click the Assignment Files tab to submit your assignment.

Use the graph below to respond to (a) through (d):

a) If the firm represented by the above set of cost curves is able to sell its product in a perfectly competitive market for a price of $5.50, it will maximize profit by producing how much output?

b) If the firm represented by the above set of cost curves is able to sell its product in a perfectly competitive market for a price of $5.50 and it produces the profit-maximizing level of output, calculate the firm’s total revenue:

c) If the firm represented by the above set of cost curves is able to sell its product in a perfectly competitive market for a price of $5.50 and it produces the profit-maximizing level of output, calculate the firm’s total cost:

d) If the firm represented by the above set of cost curves is able to sell its product in a perfectly competitive market for a price of $5.50 and it produces the profit-maximizing level of output, calculate the firm’s profit:

You'll get 1 file (49.5KB)