Question: I need help on calculating #10 and making sure #9 is correct which I got 3 produce. Using the numbers provided in the Quiz Question

I need help on calculating #10 and making sure #9 is correct which I got 3 produce.

I need help on calculating #10 and making sure #9 is correct

Using the numbers provided in the Quiz Question # 9, complete the following daily cost schedule for Company A. Price= $60 Total Average Average Average Variable Total Fixed Marginal Variable Fixed Total Quantity Cost Cost Total Cost Cost Cost Cost Cost 0 O 50 1 75 75 15 50 125 2 125 175 50 70 62. 5 25 87.5 3 195 245 65 4 280 50 330 85 950.5 82.5 Pwrong If Company A wants to maximize its profits and sells in a purely competitive industry at the price given in the Quiz Question# 9, how many should they produce? 2 mr= p= $60 A Quiz question #10: Calculate Company A's economic profit/loss. "wrong mr= mc total cost is greater than total revenue , there is a loss bal revenue= $4-2: $120 total cost= $175 Quiz Question #11: amount loss incorrect Will firms enter or leave this industry or is this industry at long run equilibrium? _eve since its making a loss in short run. it would not be viable to operate in the long run. Scan and upload a copy of this worksheet to the Quiz # 3 dropbox within ten minutes of completing the quiz. Spring 2020 Page 1

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