follow. Price per unit 00 MC 100 Units of output Figure AVC d = MR q

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Q: Find the total profit of firm if total revenue is $800 and total cost is $480

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A: Here, different cost functions of a firm is given for different output level.

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Q: Which of the following is an example of a Variable Cost? A. an employee who makes $40,000 a year B.…

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Q: Refer to Figure 2. In equilibrium, profits are equal to $0 a. b. C. d. $1300 $1200 $5000

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A: Producer surplus is the area above the MC and below the price.

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A: The firm is operating in the short run.