Homework Answers
1) Total cost = Quantity * ATC = 3.8 * 57 = 216.6
2) Total profit = Quanity (Price - ATC) = 3.8 ( 116 - 57) = 3.8 * 59 = 224.2
3) Total cost when fixed cost is zero = 216.6 - 50 = 166.6
4) Profit when fixed cost is zero = Total revenue - total cost
= (116*3.8) - 166.6
= 440.8 - 166.6
= 274.2
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