TFC IVC TC MC AFC AVC ATC 100 00 100 130 30 1000 50 150 100 45 100 120 40 100 340 240 is 60.0 100 250 10 200 30.0 100 156 256 167 26 427 100 25 19 143 25 393 208 308 33 125 26 38.5 T00 270 370 62 30 100 350 450 100 35 Assuming a perfectly competitive market, approximately how much profit wil above firm earn in the short run if the market price is $62? O558 O 252 O 188
TFC IVC TC MC AFC AVC ATC 100 00 100 130 30 1000 50 150 100 45 100 120 40 100 340 240 is 60.0 100 250 10 200 30.0 100 156 256 167 26 427 100 25 19 143 25 393 208 308 33 125 26 38.5 T00 270 370 62 30 100 350 450 100 35 Assuming a perfectly competitive market, approximately how much profit wil above firm earn in the short run if the market price is $62? O558 O 252 O 188
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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