Q. 2 Consider Competitive Market where Jamil is sellingflowers. If Market Price is $50 answer the followingQuestions:Flowers TC678FC3004454855305806356951011i. How many flowers should he sell?ii. Calculate Jamil's Profit or Loss.ii. Find the Price at which he will shut down in theshort run.v. Find the Price at which he will exit from themarket.

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Consider Competitive Market where Jamil is selling flowers. If Market Price is $50 answer the following Questions: Flowers TC 445 485 530 580 635 695 FC 300 16 7 8 10 11 How many flowers should he sell? Calculate Jamil's Profit or Loss. Find the Price at which he will shut down in the short run. Find the Price at which he will exit from the market.

Consider Competitive Market where Jamil is selling flowers. If Market Price is $50 answer the following Questions: Flowers TC 445 485 530 580 635 695 FC 300 16 7 8 10 11 How many flowers should he sell? Calculate Jamil's Profit or Loss. Find the Price at which he will shut down in the short run. Find the Price at which he will exit from the market.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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