4. A firm must produce either 1, 2, 3, 4, or 5 units of output. Its costs are given as follows: Fixed Cost Variable Costs $10 $1 $10 $4 $10 $20 $10 $30 $10 $90 Output 1 2 3 4 5 For what price will this firm earn zero profit?

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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4. A firm must produce either 1, 2, 3, 4, or 5 units of output. Its costs are given as follows:
Fixed Cost
Variable Costs
$10
$1
$10
$4
$10
$20
$10
$10
Output
1
2345
For what price will this firm earn zero profit?
$30
$90
>
1
Transcribed Image Text:4. A firm must produce either 1, 2, 3, 4, or 5 units of output. Its costs are given as follows: Fixed Cost Variable Costs $10 $1 $10 $4 $10 $20 $10 $10 Output 1 2345 For what price will this firm earn zero profit? $30 $90 > 1
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