Refer to the figure below. Assume quantities must be integers. If the firm is in a competitive market and the market price is $18, what are total revenues? Round to two digits, do not enter the currency symbol, but do enter the negative sign if profits are negative. If the firm loses $1.125, enter -1.13. Q 1 2 3 4 5 6 7 8 MC $16.00 $12.00 $8.00 $4.00 $8.00 $12.00 $16.00 $20.00 AVC $16.00 $14.00 $12.00 $10.00 $9.60 $10.00 $10.86 $12.00 ATC $256.00 $134.00 $92.00 $70.00 $57.60 $50.00 $45.14 $42.00

Refer to the figure below. Assume quantities must be integers. If the firm is in a competitive market and the market price is $18, what are total revenues? Round to two digits, do not enter the currency symbol, but do enter the negative sign if profits are negative. If the firm loses $1.125, enter -1.13. Q 1 2 3 4 5 6 7 8 MC $16.00 $12.00 $8.00 $4.00 $8.00 $12.00 $16.00 $20.00 AVC $16.00 $14.00 $12.00 $10.00 $9.60 $10.00 $10.86 $12.00 ATC $256.00 $134.00 $92.00 $70.00 $57.60 $50.00 $45.14 $42.00

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Please continue to solve from part d to part e. Thank you so much.
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