\f25 Point Value (Quantity) 1 108 E 112 K 40 Using that chart above answer the following questions: The profit maximization/loss minimization price / quanity is which of the following Quantity: Number Price Number What would be the total revenue be at the optimum production point above? Number What would be the total fixed costs be at quantity 40? Number Total Costs are 3,178. The firm will Click for List because it Click for List Number (Put Positive Nur buy another firm OSS) produce shutdown /SUSUsing that chart above answer the following ques The profit maximization/loss minimization price / Quantity: | Number Price. Number What would be the total revenue be at the optimum production poin Number What would be the total fixed costs be al quantity 40? Number Total Costs are 3,178. The because Number (Put Positive Number in a Loss) is experiencing a loss greater than total fixed costs /BUS f7 f8 f9 f10 f11 [X X & ** 6 7 8 922 Winter Term (1212)) (QA04) / Quiz #3- Chap Remaining Time: 00:49:40 Assume there are 600 companies that produce cell phones, All cell phones are black and have identical features. The graph below provides the demand curve and production costs for the all the producers in the cell phone industry. 616 42 KIE 13 2 4 Point Value(Quantity) 108 112 K 104 G 40 Using that chart above answer the following questions: The profit maximization/loss minimization price / quanity is which of the following Quantity: Number Price: Number What would be the total revenue be at the optimum production point above? Number What would be the total fixed costs be at quantity 40? Number Total Costs are 3,178. The firm will Click for List because it Click for List Number (Put Positive Number in Even if it is a Loss), is experiencing a loss greater than total fixed costs Is experiencing a loss less than total fixed costs is earning a profit