PSCH07 (40 points) ECON 102 PSCHO7 Ju (The necessary calculation processes or explanations are required a heavy point de

[answerhappygod]

Psch07 40 Points Econ 102 Pscho7 Ju The Necessary Calculation Processes Or Explanations Are Required A Heavy Point De 1 (50.13 KiB) Viewed 19 times

PSCH07 (40 points) ECON 102 PSCHO7 Ju (The necessary calculation processes or explanations are required a heavy point deduction or zero pe will apply if you have the answer without any process shown) 1. (10 points) Loss-minimization case in a short-run purely competitive market (label all curves): Name: Owner flere Costs, Revenuen C* F UL * where: p* = $80 Q" = 60 C' = $85 AVC* = $70 AVCA D=MR TH Q* a. TR = $. = Area b. TC = $. = Area C. Loss at Q* = 60: $ = Area d. Loss at Q* ("shut down"): $ e. The firm should produce with a loss rather than shutting down because LOSSQ(producing) LOSSQ"shut down) (answer with >, s, or <). = Area 2. (10 points Shut