1. Fill in the missing cells. Assume the frm operates in a perfectly competiLive environient in both the input and output markets. Calculate the profit (loss) when the firm receives $0.40 for the product. Each missing cell is 0.25 to a total of 7.5 for this question. L. Q4 P(L) TFC TVC TC MC ATC AVC AFC 2. 40 2.75 . 6R 110 120 1. 0.25 65 0.307 0.375 1.3S 04441.222 12 0-4 80 30 0.66 28 8. 90 5n 150 30 2. Complete the following table below. Each missing cell is 0.25 to a total of 2.5 for this question. Input Output TFC TVC TC MC AFC AVC АТС 125 25¢ 20 25 100 1.25 6.25 C.25 42 40 2.5 200 10 5/-
1. Fill in the missing cells. Assume the frm operates in a perfectly competiLive environient in both the input and output markets. Calculate the profit (loss) when the firm receives $0.40 for the product. Each missing cell is 0.25 to a total of 7.5 for this question. L. Q4 P(L) TFC TVC TC MC ATC AVC AFC 2. 40 2.75 . 6R 110 120 1. 0.25 65 0.307 0.375 1.3S 04441.222 12 0-4 80 30 0.66 28 8. 90 5n 150 30 2. Complete the following table below. Each missing cell is 0.25 to a total of 2.5 for this question. Input Output TFC TVC TC MC AFC AVC АТС 125 25¢ 20 25 100 1.25 6.25 C.25 42 40 2.5 200 10 5/-
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:1. Fill in the missing cells. Assume the frm operates in a perfectly competiLive environient
in both the input and output markets. Calculate the profit (loss) when the firm receives
$0.40 for the product. Each missing cell is 0.25 to a total of 7.5 for this question.
L.
Q4 P(L)
TFC
TVC
TC
MC
ATC
AVC
AFC
2.
40
2.75
. 6R
110
120
1.
0.25
65
0.307
0.375 1.3S
04441.222
12
0-4
80
30
0.66
28
8.
90
5n
150
30
2. Complete the following table below. Each missing cell is 0.25 to a total of 2.5 for this
question.
Input
Output
TFC
TVC
TC
MC
AFC
AVC
АТС
125
25¢
20
25
100
1.25
6.25
C.25
42
40
2.5
200
10
5/-
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