Question: Please refer to the background information below to answer the following two questions. Below show the production cost curves (in $) of a typical firm

 Please refer to the background information below to answer the following

Please refer to the background information below to answer the following two questions. Below show the production cost curves (in $) of a typical firm in a perfectly competitive industry (not drawn to scale), where a=93, =58, d=17, e=13, f=10, m=12, n=20, x=36, y=40, 2=68. Marginal Cost Average Cost Average Variable Cost Price=$ al. N b c d e [ m n Xy z Quantity / units 42. The fixed cost of a typical firm is $[ Answer42 |. 43. If the current market price is $58 per unit, in the short run, the firm should [ Answer43A | (A. produce 12 units; B. produce 20 units; C. produce 36 units; D. produce 40 units; E. produce 68 units; F. shut down and produce 0 unit). Correspondingly, in the short run, the firm's economic profit is $[ Answer43B |

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