48 44 40 36 32 28 24- 20 16 12- 8 MC ATC D =MR AVC AFC 0 2 3 5 6 7 8 9 10 11 Quantity A. What level of output should this firm produce? [A] B. What price should this firm charge ? [B] Do not include S C. What is the firm's total cost at this level of output? [C] Do not include $ D. What is the firm's profit if it produces this level of output? [D] E. Should this firm continue to operate or shut down? [E]

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