경제원론I 맨큐의 경제학 5판 영어원서 원페이지레포트 14장 복습문제 입니다^^
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- 2010.08.23
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- 2010.08
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경제원론I 맨큐의 경제학 5판 영어원서 원페이지레포트 14장 복습문제 입니다^^
목차
1. Draw the cost curves for a typical firm. For a given price, explain how the firm chooses the level of output that maximizes. At that level of output, show on your graph the total revenue of the firm. Show its total costs.
2. Under what conditions will a firm exit a market? Explain.
본문내용
1. Draw the cost curves for a typical firm. For a given price, explain how the firm chooses the level of output that maximizes. At that level of output, show on your graph the total revenue of the firm. Show its total costs.
This graph shows the marginal cost curve (MC), the average total cost curve (ATC), and the average variable cost curve (AVC). It also shows the market price (P), which equals marginal revenue (MR) and average revenue (AR). At the quantity Q1, marginal revenue MR1 exceeds marginal cost MC1, so raising production increases profit. At the quantity Q2, marginal cost MC2 is above marginal revenue MR2, so reducing production increases profit. The profit maximizing quantity QMAX is found where the
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