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]

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
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please answer in text form and in proper format answer with must explanation , calculation for each part and steps clearly

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]
Transcribed Image Text: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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