1. Fill in the missing cells. Assume the frm operates in a perfectly competiLive environient in both the input and output markets. Calculate the profit (loss) when the firm receives $0.40 for the product. Each missing cell is 0.25 to a total of 7.5 for this question. L. Q4 P(L) TFC TVC TC MC ATC AVC AFC 2. 40 2.75 . 6R 110 120 1. 0.25 65 0.307 0.375 1.3S 04441.222 12 0-4 80 30 0.66 28 8. 90 5n 150 30 2. Complete the following table below. Each missing cell is 0.25 to a total of 2.5 for this question. Input Output TFC TVC TC MC AFC AVC АТС 125 25¢ 20 25 100 1.25 6.25 C.25 42 40 2.5 200 10 5/-

1. Fill in the missing cells. Assume the frm operates in a perfectly competiLive environient in both the input and output markets. Calculate the profit (loss) when the firm receives $0.40 for the product. Each missing cell is 0.25 to a total of 7.5 for this question. L. Q4 P(L) TFC TVC TC MC ATC AVC AFC 2. 40 2.75 . 6R 110 120 1. 0.25 65 0.307 0.375 1.3S 04441.222 12 0-4 80 30 0.66 28 8. 90 5n 150 30 2. Complete the following table below. Each missing cell is 0.25 to a total of 2.5 for this question. Input Output TFC TVC TC MC AFC AVC АТС 125 25¢ 20 25 100 1.25 6.25 C.25 42 40 2.5 200 10 5/-

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter11: The Firm: Production And Costs

Section: Chapter Questions

Problem 3P

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