29. Refer to Exhibit 23-8. What is the total variable cost of firm A at the profit-maximizing (or loss-

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29. Refer to Exhibit 23-8. What is the total variable cost of firm A at the profit-maximizing (or loss- minimizing) level of production? $300 a. b. $700 $1,000 C. d. $400 30. Refer to Exhibit 23-8. What is the profit (loss) of firm B at the profit-maximizing (or loss- minimizing) level of production? $600 b. $270 C. $600 d. $400 -$400 Refer to Exhibit 23-8. What is the total fixed cost of firm B at the profit-maximizing (or loss- 31. minimizing) level of output? $5 b. $750 c. $90 d. $400 There is not enough information provided to answer this question. Exhibit 23-8 Fim A Fim B PHoe and Cot (dars) Price and Cost MC (dolars) MC ATC 11 11 10 10 AVC ATC AVC 70 90 100 Quartity 150 100 150 200 Quantity 2. 29. Refer to Exhibit 23-8. What is the total variable cost of firm A at the profit-maximizing (or loss- minimizing) level of production? $300 a. b. $700 $1,000 C. d. $400 30. Refer to Exhibit 23-8. What is the profit (loss) of firm B at the profit-maximizing (or loss- minimizing) level of production? $600 b. $270 C. $600 d. $400 -$400 Refer to Exhibit 23-8. What is the total fixed cost of firm B at the profit-maximizing (or loss- 31. minimizing) level of output? $5 b. $750 c. $90 d. $400 There is not enough information provided to answer this question. Exhibit 23-8 Fim A Fim B PHoe and Cot (dars) Price and Cost MC (dolars) MC ATC 11 11 10 10 AVC ATC AVC 70 90 100 Quartity 150 100 150 200 Quantity 2.

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Question 29 Total variable costs of firm A Solution Equilibrium quantity is 1... View the full answer