How would I determine the market prices in regards to alcohol consumption?

How would I determine the market prices in regards to alcohol consumption?

Intersects & Demand Graphs

Help! I really need to understand these formulas. Mid-term is next week, and I am lost. I have not had any high level math, so these formulas are cryptic to me. Please explain step-by-step how to do these. thanks! 6) In the above diagrams assume the following: MC intersects AVC @ P= $8, Q=40 and MC intersects ATC @ P= $12, Q = 50. (Min MC =$ 4). In the market demand schedule on the right, at a price of $16, the quantity demanded = 6000, and at a price of $12 the quantity demanded rise to 7000. a) What is the output of a typical firm when the market price is $16? b) What is the lowest price at which the typical firm will stay in business in the short run? c) If ther... click for more

Peggy-Sue's cookies

Peggy-Sue's cookies are the best in the world, or so I hear. She has been offered a job by Cookie Monster, Inc., to come to work for them at $125,000 per year. Currently, she is producing her own cookies, and she has revenues of $260,000 per year. Her costs are $40,000 for labor, $10,000 for rent, $35,000 for ingredients, and $5,000 for utilities. She has $100,000 of her own money invested in the operation, which, if she leaves, can be sold for $40,000 that she can invest at 10 percent per year. a. Calculate her accounting and economic profits. b. Advise her as to what she should do.

Graph the TC, AFC, AVC, AC, and MC from the data provided in the attachment

Find and graph the TC, AFC, AVC, AC, and MC from the data provided in the attachment. See attached file for full problem description.

Graph the AFC, ATC, AVC, and MC curves for the given fixed and variable costs.

The file with the problem is attached. Graph the AFC, ATC, AVC, and MC curves for the given fixed and variable costs. Explain the relationship between the MC curve and the two average cost curves.