The graph shown below is that of Do Drop in, a shop in the dry-cleaning industry. A) At the optimal output, what price will Do Drop in charge and
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The graph shown below is that of Do Drop in, a shop in the dry-cleaning industry.Graph_2.JPG

A) At the optimal output, what price will Do Drop in charge and what will be its output?

Price: $ _______

Output:____ units


B) At the optimal price and output, what will be its total revenue, total cost, and total loss?

TR: $_______ ; TC: $_______

Total loss: $_______-


C)If this firm made a rational decision to produce, despite the loss, average variable cost must be below what level?

AVC must be less than $ ________-

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