Fill This Form To Receive Instant Help

#### Unit 3 assignment: 1) Complete the following cost schedules:   Quantity   0          1          2          3          4          5          6          7 Total cost \$9        \$12      \$16      \$21      \$30      \$40      \$52      \$66 ATC         MC           Assuming the price of this product is \$10, at what output rate is Total revenue maximized? ATC minimized? Profit per unit maximized? Total profit maximized? 2

###### Finance

Unit 3 assignment:

1) Complete the following cost schedules:

Quantity   0          1          2          3          4          5          6          7

Total cost \$9        \$12      \$16      \$21      \$30      \$40      \$52      \$66

ATC

MC

Assuming the price of this product is \$10, at what output rate is

1. Total revenue maximized?
2. ATC minimized?
3. Profit per unit maximized?
4. Total profit maximized?

2 .  Complete the following table:

 Output Total Cost Marginal Cost Average Total Cost Average Variable Cost 0 \$100.00 5 \$110.00 10 \$130.00 15 \$170.00 20 \$220.00 25 \$290.00 30 \$380.00 35 \$490.00

According to the table above,

1. If the price is \$8, how much output will the firm supply?
2. How much profit or loss will it make?

(c) At what price will the firm shut down?

## 2.87 USD

### Option 2

#### rated 5 stars

Purchased 7 times

Completion Status 100%