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Figure 13-9 The figure below depicts average total cost functions for a firm that produces automobiles. Average Total Cost (5Figure 13-9 The figure below depicts average total cost functions for a firm that produces automobiles. Average 1 Total CostFigure 10-1 Price Supply (Private + Public Costs) Supply (Private Costs) $1.90 +-- 1.80 ---- 1.70 1.60 +- 1.50 - 1.35 + -----Figure 10-1 Price Supply (Private + Public Costs) Supply (Private Costs) $1.90 +- 1.80 +-- 1.701 1.60 + ----- 1.501 1.35 + --Figure 9-24 The following diagram shows the domestic demand and supply in a market. Assume that the world price in this markeFigure 9-1 The figure illustrates the market for coffee in Guatemala. Price 150 Domestic supply World XH Domestic demand 2 4Figure 9-24 The following diagram shows the domestic demand and supply in a market. Assume that the world price in this marke

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Answer #1

1) ATC A

Option(A)

2) output level greater than N

option(A)

3) Without any intervention, P=1.60 and Q=42

Option(A)

4) Government revenue = area R

Supply 5 10 15 20 25 30 35 40 Quantity

10*(25-15) = 100

option(B)

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