Question

1. Complete the table

2 . Plot ATC, AVC, and MC in one diagram.

3 . What is the shutdown price?

4. At a price of $18.8 how much should the firm produce to maximize profit?

5. At a price of $18.8 calculate its profit.

please show me how you got the result not only the answer. thank you

Q	TFC	TVC	TC	AVC	ATC	MC
0			30	NA	NA	NA
1			50
2			66
3			80
4			90
5			100
6			114
7			131.2
8			150
9			190

Answer 1

ANSWER TFC TUC TC AUG MC Α/Α: 30 NA 30 ATG NA 50 33. so 20 30 30 20 36 20 16. 18. 66 2 3 26067 14 so 16.67 30 30 80 4 10 22.50 60 15 90 30 14 20. 10 70 84 6 30 114 14. 19. 7 10le2 1702 30 30 1312 18.74 14.46. 8 120 150 15 18.75 18-8 30 160 190 17.78 2011 40: e TC= TFC + TVC, Total cost Total fixed cost of Total variable cost. fixed cost remaining the same for any level of output AUC= TVC vorable Cost = Total variable Cast Average oudplet 0 ATC= IC Average Total Costa 2 Tofal Cost Outphet 6 MC= ATC 10 1 Marginal costa change in total cost change in output

52 48 © 44 4o. MC 36 32 28. 29 20 ATC 16 AUC Cost 8 4 2 3 4 5 6 7 8 9 Quantity. (3) The Sheet down price is where P is equal Minimum of variable cost (p= mill Auclo Average shut down price = $14. (4) If P= $1818, the profit maximizing from produces where (P=MC) price is equal to Marginal cost so profit maximizing output is 8 units

3 (5) profit Revenue cost Revenue- price & ocetplet Price a outpleta 8: So Revenue = 186878. 150.4. Iso Total cost = so porofit 150.4- 150 - $0.4 profit