Question: Please answer each clearly and explain, thank you! These are the cost curves of an individual rm. o 20 40 : so :30 . mo





Please answer each clearly and explain, thank you!





These are the cost curves of an individual rm. o 20 40 : so :30 . mo 120 140160 | | 5'0 | 75| 90 | i Queintity When weulcl this firm cheese to produce 90 units of eutput? 0 Price = 21 0 Price = 2:5 0 Price = 35 0 Price = 25 These are the cost curves of an individual firm. 45 MC Price -40 -35- ATC AVC -30- 26--25 21-20 -15- -10- -5 0 20 40 60 1 80 100 120 140 160 50 75 90 Quantity What is the break-even price? O 21 O 10 O 20 O 25These are the cost curves of an individual firm. 45 MC Price 40 -35- ATC -30- 26--25- 21--20 -15- -10- -5 0 20 40 60 1 80 ; 100 120 140 160 50 75 90 Quantity In the short run, below which price would you choose not to produce? 10 10.001 25 O 20These are the cost curves of an individual firm. 45 MC Price 40- -35- ATC AVC -30- 26--25-- 21--20- -15- -10- -5 20 40 60 1 80 100 120 140 160 50 75 90 Quantity In the long run, below which price would you choose not to produce? 10 10.001 20 O 25Question 19 (2 points) These are the cost curves of an individual firm. 45 MC Price 40 -35 ATC -30- 26--25- 21-70 -15- -10- -5 0 20 40 60 1 80 100 120 140 160 50 75 90 Quantity What is the profit when the firm chooses a quantity of 90? (2 points) INPUT ONLY INTEGERS AS ANSWERS, NO COMMAS OR UNITS. FOR EXAMPLE WRITE "1000", DO NOT WRITE "1,000" or "$1000" A/
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