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Unformatted text preview: . 5. What is the TFC at this level or output? . 6. What is the TVC at this level or output? . 7. What is the total profit or loss at this level of output? . 8. What is the TC at this level or output? . 9. If the AR=MR declined to $.60, other things remaining equal, this firm would (continue, not continue) to operate in the short run. 10. If the AR=MR delined to $.80, other things remaining equal, this firm would (continue, not continue) to operate in the short run. 11. At a price of $1.20, the entire (fixed, variable) cost would be covered along with part of the ( fixed, variable) costs. 12. At a price of $2.60, would it be better to produce 80 units in order to maximize profits? (Yes, No). Profit per unit? (Yes, No). Briefly explain your answer. $ Q 0 100 2.00 80 1.90 1.20 .80 .60 2.60 MC ATC AVC AR = MR = D • • • h...
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This note was uploaded on 10/26/2009 for the course ECON 180-004-20 taught by Professor Bresnock during the Fall '09 term at UCLA.
- Fall '09