Please provide answer for the red x and for Question F . there is more than one part to this question so need all infomation to be able to comple please complete and give explanation how I have sent this question 6 times thank you Table (a) shows the cost data for Farmer Mill, a barley farmer. Round your answers to 2 decimal places.a) Complete table (a).TotalAverageTotal CostAverageVariableTotalVariableMarginalCost ($)QuantityCost ($)Cost ($)($)Cost ($)814146.51810245.332416366.32248.46.842345107.6754466129.718.576860714b) What are the values of the break-even and shutdown prices? Round your answer to 2 decimal places.Break-even price: $8Shutdown price: $c) Given the prices shown in column 1 of the following table, complete columns 2, 3. 4, and 5. (Assume that partial units cannot beproduced.) (1)(2)(3)(4)(5)(6)Total(7)(8)TotalTotalProfit(+)/Loss(-)($)QuantitySupplied 1QuantityDemandedQuantitySupplied 2TotalTotalPrice($)Revenue ($)Cost($)8 OOutput-867224 O36021757636314804805542136001138496 O18 O7205413288d) Suppose that there are a total of 120 farms in the barley market, including and identical to Farmer Mills. Show the total supply incolumn 6 of table(b).e) If the market demand for barley is as shown in column 7, what will be the equilibrium price and quantity traded?Price: $Quantity traded:480f) At the equilibrium price, what quantity will Farmer Mill produce, and what will be her profit? What will be the industry profit?Quantity:Firm profit: $| : Industry profit: $

Price output Total revenue Total cost Profit /loss 4 0 0 8 -8 7 3 21 24 -3 9…

(1) (2) (3) (4) (5) (6) Total Quantity Supplied 1 (7) (8) Total Total Quantity Demanded Total Total Cost($) 8 O Profit(+)/ Loss(-)(5) Quantity Supplied 2 Price($) Output Revenue ($) -8 672 21 24 360 7 576 480 O 36 31 480 55 42 13 600 11 384 96 O 18 O 720 54 13 288 d) Suppose that there are a total of 120 farms in the barley market, including and identical to Farmer Mills. Show the total supply in column 6 of table(b). e) If the market demand for barley is as shown in column 7, what will be the equilibrium price and quantity traded? Price: $ Quantity traded: 480 f) At the equilibrium price, what quantity will Farmer Mill produce, and what will be her profit? What will be the industry profit? Quantity: Firm profit: $ : Industry profit: $

(1) (2) (3) (4) (5) (6) Total Quantity Supplied 1 (7) (8) Total Total Quantity Demanded Total Total Cost($) 8 O Profit(+)/ Loss(-)(5) Quantity Supplied 2 Price($) Output Revenue ($) -8 672 21 24 360 7 576 480 O 36 31 480 55 42 13 600 11 384 96 O 18 O 720 54 13 288 d) Suppose that there are a total of 120 farms in the barley market, including and identical to Farmer Mills. Show the total supply in column 6 of table(b). e) If the market demand for barley is as shown in column 7, what will be the equilibrium price and quantity traded? Price: $ Quantity traded: 480 f) At the equilibrium price, what quantity will Farmer Mill produce, and what will be her profit? What will be the industry profit? Quantity: Firm profit: $ : Industry profit: $

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter6: Proudction Costs

Section: Chapter Questions

Problem 9SQP

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