2 Output TFC 3 4 5 6 7 E 19 10 12 Company is $10.00 per week. 14 15 16 0 10.00 1 10.00 10.00 10.00 C 234567890 TVC D TC

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2 Output Tfc 3 4 5 6 7 E 19 10 12 Company Is 10 00 Per Week 14 15 16 0 10 00 1 10 00 10 00 10 00 C 234567890 Tvc D Tc 1 (48.57 KiB) Viewed 13 times

2 Output Tfc 3 4 5 6 7 E 19 10 12 Company Is 10 00 Per Week 14 15 16 0 10 00 1 10 00 10 00 10 00 C 234567890 Tvc D Tc 2 (36.55 KiB) Viewed 13 times

2 Output Tfc 3 4 5 6 7 E 19 10 12 Company Is 10 00 Per Week 14 15 16 0 10 00 1 10 00 10 00 10 00 C 234567890 Tvc D Tc 3 (48.76 KiB) Viewed 13 times

2 Output TFC 3 4 5 6 7 E 19 10 12 Company is $10.00 per week. 14 15 16 0 10.00 1 10.00 10.00 10.00 C 234567890 TVC D TC AFC Weekly Cost and Revenue Data for New Company AVC ATC MC Price TR 0 10.00 9.00 19.00 9.00 19.00 17.00 27.00 8.50 13.50 23.00 33.00 10.00 28.00 38.00 10.00 10.00 10.00 5.00 3.33 2.50 35.00 45.00 2.00 48.00 58.00 1.67 10.00 71.00 81.00 1.43 10.00 100.00 110.00 1.25 10.00 140.00 150.00 1.11 10 10.00 191.00 201.00 1.00 11 10.00 256.00 266.00 0.91 336.00 346.00 0.83 28.00 28.83 80.00 25.000 7.67 11.00 7.00 9.50 7.00 9.00 8.00 9.67 10.14 11.57 12.50 13.75 15.56 16.67 8.00 25.000 6.00 25.000 5.00 25.000 7.00 25.000 13.00 25.000 23.00 25.000 29.00 25.000 40.00 25.000 19.10 20.10 51.00 25.000 23.27 24.18 65.00 25.000 12 10.00 MR Profit/Loss 25.000 19.00 25.000 $25.000 $25.000 $50.000 $25.000 $75.000 $25.000 $100.0 $25.000 $125.0 $25.000 $150.0 $25.000 $175.0 $25.000 $200,0 $25.000 $225.0 $25.000 $250.0 $25.000 $275.0 $25.000 $300.0 $25.000 -10.000 $6.00 $23.00 $42.00 $62.00 $80.00 $92.00 $94.00 $90.00 $75.00 $49.00 $9.00 -$46.00

2.1 At zero units of output what are the Total Costs? 10 (make sure you have this cell filled in on the excel file document). This cost represents fixed cost the of the firm. 2.2 The profit maximizing/loss minimizing revenue for this firm is: output 2.3 At the profit maximizing/loss minimizing level of output the MC is 23 and the MR is 7 units of 2.4 Assuming the firm produces and sells whole units of output briefly explain if this is the correct-level of outout and why.

2.4 Assuming the firm produces and sells whole units of output briefly explain if this is the correct level of output and why. 2.5 At what level of output does the reflection of diminishing marginal product set In? ? 2.6 What cost do you look at to determine the number? Explain. 2.7 Iskely that this firm would price discriminate? Explain 2.8 Would this firm benefit from advertising? Explain 2.9 If the price fell to $5.00 because of a decrease in demand as the result of Covid 19 what would the profit maximizing output be? 2.10 On your excel table shade in the row (yellow) that represents the profit maximizing Q and costs associated with a price of $5 2.11 Would the firm stay open? Briefly explain why of why not. 2.12 If all but two firms leave the market because of Covid 19 can the remaining firms become an Oligopoly? Briefly explain your answer.