{"id":106338,"date":"2022-01-26T08:50:15","date_gmt":"2022-01-26T08:50:15","guid":{"rendered":"https:\/\/essayparlour.com\/paperhelp\/?p=106338"},"modified":"2022-01-26T08:50:15","modified_gmt":"2022-01-26T08:50:15","slug":"minnie-is-one-producer-in-the-perfectly-competitive-pearl-industry","status":"publish","type":"post","link":"https:\/\/essayparlour.com\/paperhelp\/business-economics-2\/minnie-is-one-producer-in-the-perfectly-competitive-pearl-industry\/","title":{"rendered":"Minnie is one producer in the perfectly competitive pearl industry."},"content":{"rendered":"<table style = 'table-striped table-bordered table-hover' responsive='true'>\n<tr>\n<th>Question<\/th>\n<\/tr>\n<tr>\n<td>a. Find the area on the graph that illustrates the total revenue from selling 1,000 units at $100 each.<br \/>\n b. Find the area on the graph that indicates the variable cost of producing those 1,000 units.<br \/>\n c. Find the area on the graph that indicates the fixed cost of producing those 1,000 units.<br \/>\n d. Add together the two areas you found in (b) and (c) to show the total cost of producing those 1,000 units.<br \/>\n e. Subtract the total cost of producing those 1,000 units from the total revenue from selling those units to determine the firm&#8217;s profit. Show the profit as an area on the graph.<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Question<\/p>\n<p>\na. Find the area on the graph that illustrates the total revenue from selling 1,000 units at $100 each.<br \/>\n b. Find the area on the graph that indicates the variable cost of producing those 1,000 units.<br \/>\n c. Find <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[42],"tags":[],"class_list":["post-106338","post","type-post","status-publish","format-standard","hentry","category-business-economics-2"],"_links":{"self":[{"href":"https:\/\/essayparlour.com\/paperhelp\/wp-json\/wp\/v2\/posts\/106338","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/essayparlour.com\/paperhelp\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/essayparlour.com\/paperhelp\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/essayparlour.com\/paperhelp\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/essayparlour.com\/paperhelp\/wp-json\/wp\/v2\/comments?post=106338"}],"version-history":[{"count":1,"href":"https:\/\/essayparlour.com\/paperhelp\/wp-json\/wp\/v2\/posts\/106338\/revisions"}],"predecessor-version":[{"id":106339,"href":"https:\/\/essayparlour.com\/paperhelp\/wp-json\/wp\/v2\/posts\/106338\/revisions\/106339"}],"wp:attachment":[{"href":"https:\/\/essayparlour.com\/paperhelp\/wp-json\/wp\/v2\/media?parent=106338"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/essayparlour.com\/paperhelp\/wp-json\/wp\/v2\/categories?post=106338"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/essayparlour.com\/paperhelp\/wp-json\/wp\/v2\/tags?post=106338"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}