3. Firm Alpha is a price taker. Its marginal cost is MC(q), average cost is AC(q), and average variable cost is AVC(q). At the current short-run price P, firm Alpha optimally chooses to produce q=100, but it has a negative profit. Then we can conclude that AMC>P B AVC>P>AC CAC>AVC>P DP>AVC> AC E AC>P>AVC

By how much would the market price of abortions and the number of abortions change if a lump-sum tax is assessed on abortion clinics that raises their minimum average cost by 10%? On the graph to the right, show the new long-run equilibrium price. 1.) Use the line drawing tool to draw the new demand curve and label the line d². 2.) Use the 3-point curved line drawing tool to draw the new average cost curve and label the curve AC². Carefully follow the instructions above, and only draw the required objects. Using the price elasticity of demand information from the "Abortion Market" application, calculate the decrease in the number of abortions from the lump sum tax. Abortions will decrease by as little as percent or by as much as percent. (round your answers to one decimal place) C Price/cost per abortion 490- 470- 450- 430- 410- 390- 370- 350- 330- 310- 290- 270- 250+ 100 AC2 d2 1 AC¹ P = MR 150 200 250 300 350 400 450 500 Abortions per year Q N

A profit-maximizing firm decides to shut-down production in the short-run. Its total fixed cost of production is $100, i.e. TFC = $100. Which of the following statements is true?   a If the firm produced, the firm's revenues would have been lower than $100.  bIf the firm produced, the firm's total variable cost must be lower than $100. cIf the firm produced, the firm's losses would have been higher than $100. dIf the firm produced, the firm's total variable cost would have been higher than $100.

I need solution of a,b,c