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Screenshot_20200508_214151.jpgRequirement:

A. Compute the TR, ATC, AVC and Profit/Loss. Round-off to whole number. Show solutions.

B. Graph MC, MR, ATC, AVC, Profit/Loss in one plane.  

C. 1. What will be your decision (operate or shutdown) in the short-run? 2. Why?

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4G 9:41 K 0.10 KB/S 35 Assignment_-_March_20_2020 - Saved . . . Assignment - March 20, 2020 (Use 1 whole sheet yellow paper & to be submitted later when classes resume) NAME: For each problem (1,2&3)- A. Compute the TR, ATC, AVC and Profit/Loss. Round-off to whole number. Show solutions. B. Graph MC, MR, ATC, AVC, Profit/Loss in one plane. C. 1. What will be your decision (operate or shutdown) in the short-run? 2. Why? #1. #2. #3. Equilibrium price 15 20 8 Quantity of output produced 120 units 150 units 75 units Total cost 2040 2600 1300 Fixed cost 800 800 800

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4G 9:41 K 0.10 KB/S 35 Assignment_-_March_20_2020 - Saved . . . Assignment - March 20, 2020 (Use 1 whole sheet yellow paper & to be submitted
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