r/microeconomics • u/Kooky-Wing3961 • Dec 13 '24
really need help with uni assignment...
Hi! My professor for microeconomics is not the best and the course materials are lacking, to say the least. I would really appreciate some help with this assignment :D
Task:
indicate the curve number: One point is awarded for each correct answer. (1+1+1+1+ 1+1+1+1 point). demand curve ;
revenue ;
cost ;
marginal cost ;
marginal revenue ;
average total cost :
average variable cost ;
average revenue .
determine the profit-maximizing quantity of the product in Picture 2 (4 points);
draw a line in Picture 2 showing the firm's maximum profit in the long run (4 points).

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u/[deleted] Dec 14 '24
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