Question: 4. (20 points) The table below gives the short run cost schedule for a perfectly competitive firm. Output (Q) AFC AVC ATC MC 100 20

4. (20 points) The table below gives the short run cost

4. (20 points) The table below gives the short run cost schedule for a perfectly competitive firm. Output (Q) AFC AVC ATC MC 100 20 120 20 50 19 69 18 33.33 17 50.3 13 25 15.5 40.5 11 20 15 35 13 16.7 15 31.7 15 14.3 15.7 30 20 8 12.5 16.8 29.3 24 11.1 18.1 29.2 29 10 10 20 30 37

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