QUESTIONA. Note: output and cost data are expressed in thousands of dollars and each itemsold for $5.00

(1) Complete the table.

(2) Use graph paper tograph AR, MC, ATC, AVC, MR. You will find it helpful to use the full page of graph paper. Be sure to label axes and curves.

(3) On your graph: Label the point where MR = MC.

(4) What is the profit max or cost min outputfor this firm? ______

(5) What isthe 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