econ._ch._11

econ._ch._11 - 4.3- AFC- $50.25, 50. 10, 47. 75, 43. 23,...

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Nancy Crawley Ch. 11 1.4- Corn farming, retail bookselling, and new home construction are all perfectly competitive markets. The automobile manufacturing isn’t because each manufacture makes different cars and the products are not identical. 3.3- A. They will produce two, $3.50, She will make no profit. B. She will produce three, $ 4.20. None C. She will produce five, $ 5.20, make a little profit.
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Unformatted text preview: 4.3- AFC- $50.25, 50. 10, 47. 75, 43. 23, 41. 67, 39. 55, 33.45, 31.25, 25.45, 20.15 AVC-$ 45.15, 44.25, 41.50, 39.55, 38.75, 33.50, 30.75, 25.45, 20.35, 15.55 ATC- $ 43.55, 42.50, 39.65, 30.45, 28.75, 25.55, 23.25, 20.75, 15.95, 13.45 MC- $ 44.50, 43.25, 40.45, 35.85, 34.25, 27.82, 23.46, 20.65, 18.55, 15.45 He should make 8 and he will make $390. No he shouldnt shut down....
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This note was uploaded on 01/05/2012 for the course ECON 200 taught by Professor Dr.frank during the Spring '10 term at Wingate.

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