ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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May i know the correct answers from 1-3

TFC
TVC
$0
TC
MC
AVC
ATC
$50
$50
--
--
1
50
20
70
20
20
70
50
30
80
10
15
40
3
50
45
95
15
15
31.67
4
50
62
112
17
15.50
28
50
90
140
28
18
28
50
132
182
42
22
30.33
7
50
186
236
54
26.57
33.71
1. If the market price is $10, then this firm will maximize profits by producing
units of output.
2. If the market price is 42, then this firm will maximize profits by producing
units of output and its profits will be
3. If the market price is $17, then in the long run the firm will
A) operate and expand.
B) operate but not expand.
C) shut down, but not go out of business.
D) go out of business.
11-48
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Transcribed Image Text:TFC TVC $0 TC MC AVC ATC $50 $50 -- -- 1 50 20 70 20 20 70 50 30 80 10 15 40 3 50 45 95 15 15 31.67 4 50 62 112 17 15.50 28 50 90 140 28 18 28 50 132 182 42 22 30.33 7 50 186 236 54 26.57 33.71 1. If the market price is $10, then this firm will maximize profits by producing units of output. 2. If the market price is 42, then this firm will maximize profits by producing units of output and its profits will be 3. If the market price is $17, then in the long run the firm will A) operate and expand. B) operate but not expand. C) shut down, but not go out of business. D) go out of business. 11-48
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