pcap4 - 5 What is the TFC at this level or output 6 What is...

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Additional Problem #4 : Pure Competition Use the lettered points in the graph for the questions below. 1. At what output does this firm operate? . 2. What is the MR at this output? . 3. What is the MC at this output? . 4. What is the market price? . 5. What is the TR at this output? . 6. What is the ATC at this output? . What is the TC at this output? . 8. What is the AVC at this output? . What is the TVC at this output? . 9. What is the AFC at this output? . What is the TFC? . 10. Does the firm operate at a profit or loss? . 11. What is the total profit or loss at this output? . 12. What is the per unit profit or loss at this output? . AR = MR = D Q 0 Q $ A B C A B C X X AVC ATC MC
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