Have an account?
Is the park operating at the minimum cost?
What is the equilibrium output/sale level?
What is the per unit and total profit at the equilibrium level?
100 and 5000
30 and 1500
70 and 3500
50 and 3500
When AP is rising MP is above it and when AP is falling MP is below it! Let's understand...
When AP is rising MP is above it, then AC will be falling! Let's discuss..
Which market structure is this? Let's discuss
At the shutdown point_______.
What's the market equilibrium price and output?
Does the firm earn supernormal or normal profit?
$20 and 100; normal profit
$20 and 100; supernormal profit
$100 and 20, Supernormal Profit
$100 and 20, Normal Profit
The graph shows the cost-revenue scenario for Disney Amusement park. What is the equilibrium price for a two day package at the park ?