How many units will this firm produce in the short-run

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Reference no: EM13190816

Total Total Average
Fixed Variable Total Total Marginal
Quantity Cost Cost Cost Cost Cost
0 $40 0 40 X X
1 40 55 95 95 55
2 40 75 115 57.50 20
3 40 90 130 43.33 15
4 40 110 150 37.50 20
5 40 135 175 35 25
6 40 170 210 35 35
7 40 220 260 37.14 50
8 40 290 330 41.25 70
a) At a product price of $72, how many units will this firm produce in the short-run? EXPLAIN. What will be its profits or losses?

b) At a product price of $52, how many units will this firm produce in the short-run? EXPLAIN. What will be its profits or losses?

c) At a product price of $28, how many units will this firm produce in the short-run? EXPLAIN. What will be its profits or losses?

Reference no: EM13190816

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How many units will this firm produce in the short-run : Total Total Average Fixed Variable Total Total Marginal Quantity Cost Cost Cost Cost Cost 0 $40 0 40 X X 1 40 55 95 95 55 2 40 75 115 57.50 20 3 40 90 130 43.33 15 4 40 110 150 37.50 20 5 40 135 175 35 25 6 40 170 210 35 357 40 220 260 37.14 50 8 40 ..

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