2. (n) The Table below is for a farm operating in a perfectly competitive marke Complete the Table and answer the following questions based on the r provide in the Table. rs that you Table: A farm operating in a perfectly competitive market 9. Input Output MPP Output TR MR Input APP 2. usage PI price price 5: sh u85 270-215 70 18 18 360 8.0 3.33 1200 xXx3. 7 XXX 50 25 9.7 3.33 1615. 3.33 3 18 60 4.5 3:33 899.3.33 3.33 140-13 5 32 18 2.0 3-33 3-33 able: ntinue FC TC MC ATC AVC AFC P it int 2.25 u.69 320.4 69.4310 877.1 69.1 69.1 >80 u9a 37 | 4.255 69.11 2. (b) 2.44 4,3 XXX 900 969-10-72/1.4998 1.855 3.85 G45.9 8.255 18.49/-852.9 (-250 260 1329-1-1-3,8 9.u93 om the Table aboove the profit-maximizing level of output will be how many units? RE MC Why?

Please help with the following question

4. Fill in the table below. Assume that the firm uses 5 machines that have a price of $200 each per period. Output TFC TVC TC AFC AVC ATC MC 1 600 1000 3 2000 4 3500 5500

Only typed answer and please answer correctly

If the market price were $8, what would be the profit for this firm? a. 120 b. 180 c. 0 d. $960

Price of Corn $7 MC $6 $5 ATC $4 $3 AVC $2 $1 0. 1000 2000 3000 4000 5000 6000 7000 8000 Bushels of Corn (a) If the market price for corn in this market was $5, how many bushels of corn would Cornwallis produce in the short-run in order to maximize his profits? [ Select ] (b) At the market price of $5, what is the total REVENUE Cornwallis will collect in the short-run? 1Select ] (c) At the market price of $5, what is the total PROFIT Cornwallis will earn in the short-run? Select

Average Average Output Variable Cost Total Cost 10 12 14 16 20 Multiple Choice O $4 $3 $5.00 4.00 These are cost data for an apple farm selling in a purely competitive market. The farm will produce if the price is at least equal to what minimum value? $9 $5 4.75 5.75 9.00 $15.00 13.00 11.50 9.00 12.00 Marginal Cost $3 4 6 9 14

3 The figure below shows the cost curves for a profit-maxmizing firm in a periecny competitive narket. If the market price is $30 and if the firm is producing outpul. the amount of its total variable cost? Price TVC and cost TO ATCHO MC ATC AVC PAL $40.50 36.00 30.00 MR 22.00 7LEE 20.00 130 180 240 Quantity O S7,200 b. $6,480 C. $5,400 d. $3,960

$11.00 MC| $10.00 $9.00 ATC $8.00 $7.00 TRAVCI $6.00 $5.00 $4.00 $3.00 2 3 7 9 10 Quantity of Output (q) Pierre is a photographer in a perfectly competitive market. The graph shown above gives his MC, ATC and AVC curves. Suppose the market price is $10.50. How much profit does Pierre make? 22.5 24 20 O18 S per unit

please also do the graph and the choices for the first blank is 2000, 7500, 8000, 10000 and the choices for the second blank is profit or economic loss   thank you!!!