Module 5 Number 1 part b

Module 5 Number 1 part b - Fixed Vairable Total Output Cost...

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The firm is selling in a perfectly competitive market. What is the shutdown price? At a price of $40, what output level would the firm produce? What would its profits be?
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Unformatted text preview: Fixed Vairable Total Output Cost AFC Cost AVC Cost ATC MC 1 $50.00 $30.00 2 $50.00 $50.00 3 $50.00 $80.00 4 $50.00 $120.00 5 $50.00 $170.00...
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