microeconomics

Exercise 2: A perfectly competitive firm has cost function: AVC=2Q+4(P:$,Q:kg) When the market price is 24 , firm incurred a loss of 150$. 41. Supply function of this firm in short run is A. P=2Q+4 C. MC=4Q+4 B. P=4Q+4 D. None of the above 42. Fixed cost of this firm is A. FC=300$ C. FC=500$ B. FC=400$ D. None of the above 43. Break-even quantity of this firm is A. Q=8 C. Q=10 B. Q=9 D. None of the above 44. Break-even price of this firm is A. P=44 C. P=46 B. P=45 D. None of the above 45. Shut-down price of this firm is A. P=4 C. P=6 B. P=5 D. None of the above 46. When the market price is 50$, optimal quantity of this firm is A. Q=12,5 C. Q=14,5 B. Q=13,5 D. None of the above 47. (Continue question 46) Maximum profit of this firm is A. =34,5$ C. =54,5$ B. =44,5$ D. None of the above 48. (Continue question 46) Producer surplus of this firm is A. PS=164,5$ C. PS =364,5$ B. PS=264,5$ D. None of the above 49. When the market price is 30$, profit of this firm is A. =115,5$ C.