For questions 4-6: A firm has weekly revenue of $900. The firm's total cost is $1250 per week. The firm shuts down if 300 400 4 2 weekly fixed cost is less than 500 600 The firm's variable cost is $800 and its fixed cost, all of which is sunk, TRUE is $300. The firm will shut down. 2 FALSE The firm's total cost is $1200 and its fixed cost is $500. The firm shuts 20% 2 40% down if the percentage of fixed costs that is avoidable is equal to or 60% greater than 80% 6.

For questions 4-6: A firm has weekly revenue of $900. The firm's total cost is $1250 per week. The firm shuts down if 300 400 4 2 weekly fixed cost is less than 500 600 The firm's variable cost is $800 and its fixed cost, all of which is sunk, TRUE is $300. The firm will shut down. 2 FALSE The firm's total cost is $1200 and its fixed cost is $500. The firm shuts 20% 2 40% down if the percentage of fixed costs that is avoidable is equal to or 60% greater than 80% 6.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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1. The following table shows the cost information for a perfectly competitive firm. Production Total variable cost (RM)0 01 1002 1503 2104 2905 4006 5407 7208 950 a. If the total fixed cost of the firm is RM300, calculate total cost, average cost and marginal cost. b. If the market price is RM200, calculate the firm total revenue, and total profit/loss c. Determine the level of production that will maximise the firms profits.
Typed plz and asap please provide me a quality solution for better rating and take care of plagiarism also do all or do nothing
The firm will A-increase its marginal revenue B increased its profits C decrease its marginal revenue D maximize its profits
What's the economic profit
pz answer both are asap fast
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