q TFC TVC TC MC AVC ATC 0 $100 $0 $100 -- -- -- 1 100...

Question

Question

Refer to Table 9.2. If the market price is $34 and the firm produces 4 units of output, then its profit would be

Answer 1

Answer #1

lince, 1 I Propit - total PE Reslenue - Total Cost (TR) - TC Her; for (4 017) TC= $224 [frem table] TR= Pricex quality = 34x4

Answer 2

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