he table below shows the cost information for a firm in a perfectly competitive industry. What would be the shut down price for this firm? Q FC VC TC MC AFC AVC ATC 0 275 0 275 1 275 8.1 283.1 8.1 275.00 8.10 283.10 2 275 11.8 286.8 3.7 137.50 5.90 143.40 3 275 16.7 291.7 4.9 91.67 5.57 97.23 4 275 23.4 298.4 6.7 68.75 5.85 74.60 5 275 32.5 307.5 9.1 55.00 6.50 61.50 6 275 44.6 319.6 12.1 45.83 7.43 53.27 7 275 60.3 335.3 15.7 39.29 8.61 47.90 8 275 80.2 355.2 19.9 34.38 10.03 44.40 9 275 104.9 379.9 24.7 30.56 11.66 42.21 10 275 135 410 30.1 27.50 13.50 41.00 11 275 171.1 446.1 36.1 25.00 15.55 40.55 12 275 213.8 488.8 42.7 22.92 17.82 40.73 13 275 263.7 538.7 49.9 21.15 20.28 41.44 14 275 321.4 596.4 57.7 19.64 22.96 42.60 15 275 387.5 662.5 66.1 18.33 25.83 44.17 16 275 462.6 737.6 75.1 17.19 28.91 46.10 17 275 547.3 822.3 84.7 16.18 32.19 48.37 18 275 642.2 917.2 94.9 15.28 35.68 50.96 19 275 747.9 1022.9 105.7 14.47 39.36 53.84 20 275 865 1140 117.1 13.75 43.25 57.00
he table below shows the cost information for a firm in a perfectly competitive industry. What would be the shut down price for this firm? Q FC VC TC MC AFC AVC ATC 0 275 0 275 1 275 8.1 283.1 8.1 275.00 8.10 283.10 2 275 11.8 286.8 3.7 137.50 5.90 143.40 3 275 16.7 291.7 4.9 91.67 5.57 97.23 4 275 23.4 298.4 6.7 68.75 5.85 74.60 5 275 32.5 307.5 9.1 55.00 6.50 61.50 6 275 44.6 319.6 12.1 45.83 7.43 53.27 7 275 60.3 335.3 15.7 39.29 8.61 47.90 8 275 80.2 355.2 19.9 34.38 10.03 44.40 9 275 104.9 379.9 24.7 30.56 11.66 42.21 10 275 135 410 30.1 27.50 13.50 41.00 11 275 171.1 446.1 36.1 25.00 15.55 40.55 12 275 213.8 488.8 42.7 22.92 17.82 40.73 13 275 263.7 538.7 49.9 21.15 20.28 41.44 14 275 321.4 596.4 57.7 19.64 22.96 42.60 15 275 387.5 662.5 66.1 18.33 25.83 44.17 16 275 462.6 737.6 75.1 17.19 28.91 46.10 17 275 547.3 822.3 84.7 16.18 32.19 48.37 18 275 642.2 917.2 94.9 15.28 35.68 50.96 19 275 747.9 1022.9 105.7 14.47 39.36 53.84 20 275 865 1140 117.1 13.75 43.25 57.00
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
The table below shows the cost information for a firm in a
What would be the shut down price for this firm?
| Q | FC | VC | TC | MC | AFC | ATC | |
| 0 | 275 | 0 | 275 | ||||
| 1 | 275 | 8.1 | 283.1 | 8.1 | 275.00 | 8.10 | 283.10 |
| 2 | 275 | 11.8 | 286.8 | 3.7 | 137.50 | 5.90 | 143.40 |
| 3 | 275 | 16.7 | 291.7 | 4.9 | 91.67 | 5.57 | 97.23 |
| 4 | 275 | 23.4 | 298.4 | 6.7 | 68.75 | 5.85 | 74.60 |
| 5 | 275 | 32.5 | 307.5 | 9.1 | 55.00 | 6.50 | 61.50 |
| 6 | 275 | 44.6 | 319.6 | 12.1 | 45.83 | 7.43 | 53.27 |
| 7 | 275 | 60.3 | 335.3 | 15.7 | 39.29 | 8.61 | 47.90 |
| 8 | 275 | 80.2 | 355.2 | 19.9 | 34.38 | 10.03 | 44.40 |
| 9 | 275 | 104.9 | 379.9 | 24.7 | 30.56 | 11.66 | 42.21 |
| 10 | 275 | 135 | 410 | 30.1 | 27.50 | 13.50 | 41.00 |
| 11 | 275 | 171.1 | 446.1 | 36.1 | 25.00 | 15.55 | 40.55 |
| 12 | 275 | 213.8 | 488.8 | 42.7 | 22.92 | 17.82 | 40.73 |
| 13 | 275 | 263.7 | 538.7 | 49.9 | 21.15 | 20.28 | 41.44 |
| 14 | 275 | 321.4 | 596.4 | 57.7 | 19.64 | 22.96 | 42.60 |
| 15 | 275 | 387.5 | 662.5 | 66.1 | 18.33 | 25.83 | 44.17 |
| 16 | 275 | 462.6 | 737.6 | 75.1 | 17.19 | 28.91 | 46.10 |
| 17 | 275 | 547.3 | 822.3 | 84.7 | 16.18 | 32.19 | 48.37 |
| 18 | 275 | 642.2 | 917.2 | 94.9 | 15.28 | 35.68 | 50.96 |
| 19 | 275 | 747.9 | 1022.9 | 105.7 | 14.47 | 39.36 | 53.84 |
| 20 | 275 | 865 | 1140 | 117.1 | 13.75 | 43.25 | 57.00 |
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