Question: Please answer this question with multiple parts and provide an explanation. Thank you. Short Run Cost Questions 4 Your email address will be recorded when
Please answer this question with multiple parts and provide an explanation. Thank you.



Short Run Cost Questions 4 Your email address will be recorded when you submit this form. Not stephen.coker@stu.hpisd.org? Switch account Use this production cost function to answer the following questions Daily Output |Total Cost per Day 0 $10 $13 $18 $24 $32 $45 6 560 What is the total fixed costs for this firm? MacBook Pro 20 F3 F4 F5 F6 F7 F8 F9What is the AVC for the 5th unit? 10 points Your answer What is the ATC for the 2nd unit? 10 points Your answer What is the MC for the 3rd unit? 10 points Your answer If the marginal revenue and average revenue is $7, at what output does 20 points this firm maximize profit? Your answer At the profit-maximizing output is this firm earning positive or normal 20 points arefite? Or is this firm taking a local MacBook Pro 20 DII F9 F3 F4 F5 F6 F7 F8 LA % & 7 8Your answer If the marginal revenue and average revenue is $7, at what output does 20 points this firm maximize profit? Your answer At the profit-maximizing output is this firm earning positive or normal 20 points profits? Or is this firm taking a loss? Your answer Based on your answer to the previous question will this firm continue to 20 points operate or shut down in the short run? Explain Your answer Submit MacBook Pro 20 FS F4 F5 F6 F7 F8 F9
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