Solution-What is the firm short-run supply curve

What is the firm short-run supply curve

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Reference no: EM131721221

A firm is producing its output based on the following cost schedule. How many units of output should it produce when the price of the product is $70, $85, or $95, respectively, and what is the firm's short-run supply curve?

Total Product	Fixed Cost	Variable Cost	Total Cost	Average Total Cost	Average Fixed Cost	Average Variable Cost	Marginal Cost
0	100	0	100
1	100	90	190	190.0	100.0	90.0	90
2	100	170	270	135.0	50.0	85.0	80
3	100	240	340	113.3	33.3	80.0	70
4	100	300	400	100.0	25.0	75.0	60
5	100	380	480	96.0	20.0	76.0	80
6	100	470	570	95.0	16.7	78.3	90
7	100	570	670	95.7	14.3	81.4	100
8	100	680	780	97.5	12.5	85.0	110
9	100	800	900	100.0	11.1	88.9	120
10	100	930	1030	103.0	10.0	93.0	130

Reference no: EM131721221

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What is the firm short-run supply curve

Reference no: EM131721221

Reference no: EM131721221

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