Question: QUESTION A. Note: output and cost data are expressed in thousands of dollars and each item sold for $5.00 (1) Complete the table. (2) Use

 QUESTION A. Note: output and cost data are expressed in thousands

QUESTION A. Note: output and cost data are expressed in thousands of dollars and each item sold for $5.00 (1) Complete the table. (2) Use graph paper to graph AR, MC, ATC, AVC, MR. (3) On your graph: Label the point where MR = MC (4) On your graph: Draw the area showing profit of loss on the graph using //// lines. (5) What is the profit max or cost min output for this firm?_ (6) What is the price at which this enterprise will shut down (what is the shutdown price)? Output TFC TVC TC MC AVC ATC TR MR = AR = Profit or Loss 0 75 0 75 0 0 -75 10 25 100 2.5 2.5 10.0 50 -50 20 45 120 2.0 2.25 6.0 100 -20 30 65 40 95 50 145 60 220 70 310 385 4.43 5.5 350 -35 80 75 410 485 5.13 6.06 400 -85

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