Unformatted text preview: 5. TPP and TVC MPP and MC APP and AVC 6. Marginal revenue = marginal cost. 8. Between 20 and 40 units. 9. Shut down = average variable cost and marginal cost are equal. 10. Break even = average total cost and marginal costs are equal. 11. The shutdown point and everything to the right of it. 13. Qsp=$75, ATC=$5, AVC=$3, TC=$375, TVC=$225, P=-$150 15a. Fertilizer 15b. Land...
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This note was uploaded on 04/27/2008 for the course AGEC 1103 taught by Professor Popp during the Spring '08 term at Arkansas.
- Spring '08