APE 39
You will need the graphs on the web page title "APE 39" to complete this activity.
First Name *
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Last Name *
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SCHOOL email address *
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Class Period *
1. A monopoly firm will maximize profits at what price? *
1 point
2. Economic profits for the monopoly firm are represented by the area of which rectangle? *
1 point
3. Total costs for the monopoly firm are represented by the area of which rectangle? *
1 point
4. The total revenue for the monopoly firm is represented by the area of which rectangle? *
1 point
5. The perfect competitor will maximize profits at what output level? *
1 point
6. The perfect competitor will shut down below which price-output relationship? *
1 point
7. At price G, the area of which rectangle represents total revenue for the profit-maximizing perfect competitor? *
1 point
8. At output C, total variable cost is represented by the area of which rectangle? *
1 point
9. At price G, profits for the perfect competitor are represented by the area of which rectangle? *
1 point
10. At what price-output relationship will a perfect competitor operate in the long run? *
1 point
11. For the monopolist, what is the area of consumer surplus? *
1 point
12. For the monopolist, what would be the socially optimal output? *
1 point
13. For the monopolist, what would be the break-even or normal profit intersection> *
1 point
14. For the monopolist, the dead-weight loss can be represented by *
1 point
15. For the perfect competitor, the dead-weight loss can be represented by *
1 point
16. For the perfect competitor, productive efficiency occurs at the intersection labeled *
1 point
17. For the monopolist, productive efficiency occurs at the intersection labeled *
1 point
18. For the monopolist, what would be the perfectly competitive intersection? *
1 point
19. For either firm, a lump-sum tax would impact *
1 point
20. For either firm, a per-unit subsidy would impact *
1 point
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