Refer to table 8.1. If the competitive market price for kale is $51, what will the firm do in the short-run?

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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Table 8.1
Q
0
1
2
3456
3
4
6
7
8
9
10
MC
$30
20
30
40
50
60
70
80
90
100
ATC
$230
125.00
93.33
80.00
74.00
71.67
71.43
72.50
74.44
77.00
AVC
Produce an output of 5 and earn a negative economic profit
Shutdown and produce nothing
Produce an output of 5 and earn a positive economic profit
Produce an output of 6 and earn a positive economic profit
-11
$130
75.00
60.00
55.00
54.00
55.00
57.14
60.00
63.33
67.00
Refer to table 8.1. If the competitive market price for kale is $51, what will the firm
do in the short-run?
Transcribed Image Text:Table 8.1 Q 0 1 2 3456 3 4 6 7 8 9 10 MC $30 20 30 40 50 60 70 80 90 100 ATC $230 125.00 93.33 80.00 74.00 71.67 71.43 72.50 74.44 77.00 AVC Produce an output of 5 and earn a negative economic profit Shutdown and produce nothing Produce an output of 5 and earn a positive economic profit Produce an output of 6 and earn a positive economic profit -11 $130 75.00 60.00 55.00 54.00 55.00 57.14 60.00 63.33 67.00 Refer to table 8.1. If the competitive market price for kale is $51, what will the firm do in the short-run?
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