Note:-Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.Answer completely.You will get up vote for sure. FirmAFirmBPrice1.5Profit analysis1- The available cost and revenue data regarding two firms is given below.QTCProfit TFCTR1,0001,5001,0002000TVC AVC ATC MC21.5$400$12,000a. Fill in the table above.b. What is your recommendation for firm A, and why?$0.60SI

Fixed Costs:Definition: Costs that do not vary with the level of production or sales. They remain…

Answered: Profit TC TR Int and revenue data…

Business

Economics

Profit TC TR Int and revenue data regarding Profit 1,000 $400 $0.60

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Answer completely.
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Firm
A
Firm
B
Price
1.5
Profit analysis
1- The available cost and revenue data regarding two firms is given below.
Q
TC
Profit TFC
TR
1,000
1,500
1,000
2000
TVC AVC ATC MC
2
1.5
$400
$1
2,000
a. Fill in the table above.
b. What is your recommendation for firm A, and why?
$0.60
SI

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