DP Economics Questionbank
Economic profit (sometimes known as abnormal profit) and normal profit (zero economic profit occurring at the breakeven point)
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[N/A]Directly related questions
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20N.3.HL.TZ0.1c.i:
Based on the information in Figure 2, state whether the firms in this market are making normal profits, economic profits or economic losses.
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20N.3.HL.TZ0.1b.ii:
Calculate the economic profit/loss when Firm A is producing at the output level identified in part (b)(i).
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16N.3.HL.TZ0.1b:
Using the figures provided in Table 1, calculate the monthly level of profits Firm A is making at the current level of output, Q’.
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17M.3.HL.TZ0.01c.iii:
Determine:
- economic profit if output is equal to 2 units and average cost is equal to $130 per unit.
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17M.3.HL.TZ0.01h:
Calculate Firm B’s short-run profit/loss at the profit-maximizing level of output.
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18N.3.HL.TZ0.1c.ii:
(ii) Using Figure 2, identify the quantity of cans per month Firm B must produce in order to maximize profits.
(iii) Calculate the economic profit when Firm B is producing at the output level identified in part (ii).
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19M.3.HL.TZ0.1k.ii:
Assuming the event organizers aim to maximize profit, calculate the profit that will be made from the concert.