Document1 - Word .ayout References Mailings Review View Help Q Tell me what you want to do (1) (2) (3) (4) (5) (5) (7) Total TotalTotal productvar. cost AFC AVC ATC MC cost 0 $ 03 40 8 $ $ 1 55 _95222 40_ 55__ _95___ $55 2 75 _115_20 37.5 \"57.5m _20____ 3 90 _130_13.33_ 30 _4333 15__ 4 110 _150_%10_ 27,5 37.5 20 5 133 _175___8__ 27 _35_ _25_m 6 170 _210__6.67 28.33 35 _35_ 7 210 _260_5.71 31.43 37.44 50__ 8 290 _330__5 36.25 41.25 70___ (a) At a product price of $52, will this firm produce in the short run? Explain. What will its prot or loss be? To be blunt, yes it will produce in the short run. If the price is $52 it should produce seven products in total. (b) At a product price of $28, will this firm produce in the short run? Explain. What will its prot or loss be? (c) At a product price of $22, will this firm produce in the short run? Explain. What will its prot or loss be? (d) Complete the following short-run supply schedule for this rm. 9,} Accessibility: Investigate