ECON 545 Final Exam (2017 version) Help | Page 7

4 $ 200.0 0
300.0 0
5 $ 200.0 0
450.0 0
6 $ 200.0 0
650.0 0
( Part A ) Refer to the above data . If the product price is $ 75 at its optimal output , will the firm realize an economic profit , break even , or incur an economic loss ? How much will the profit or loss be ? Show all calculations . ( 10 points )
( Part B ) Refer to the above data . If the product price is $ 100 at its optimal output , will the firm realize an economic profit , break even , or incur an economic loss ? How much will the profit or loss be ? Show all calculations . ( 10 points ) ( Points : 20 )
5 . ​ ( TCOs E and F ) Compare and contrast a historical and / or current macroeconomic disturbance to the business cycle and economic policy decisions related to that disturbance . The disturbance would be some event that causes either unemployment or inflation to rise .