1. If P=$10 and Q=20, At what price will they leave the market (demand Q=0)? 2. In the long run does total fixed costs equals zero, or total variable costs equals zero, or there are no variable inputs, or marginal costs equals zero? 3. John buys more shoes than Al; this means John's demand will be: more elastic than Al's, or less elastic than Al's, or equally elastic to Al's, or there is no way to say unless you have more information? Can you please help me with these?

Below are the cost and demand curves for 2 firms: ( 20) What KIND of firm is firm A ?.... (21 ) If the price is $150, firm A should produce = (21) to maximize profits. (22)If firm A produces the output in question (") they will earn profits equal to: $ (23) Is firm A likely to be able to continue making these profits in the LONG RUN ? NO (24) What is the maximum technical efficiency output level for firm (A ) ?Q= 100 (25) At which output level does firm (A) have the lowest average fixed cost ? Q = (26) What KIND of firm is firm (B) ? I legal Monopoly (27), What is the profit maximizing output level for firm (B) ? Q=_ (28), What price should firm (B) charge to sell the profit maximizing output ? P = $ (29 )) How much profit can firm (B) make if they sell the Q from question () at the 27 Price from question(28.).3. A FIRM A MC AC FIRM B MC 150- FIRM'S . . ... Demand CURVE MR > AC 50 Imkt . - 1 Demand O 100 150 .200 40 50 60 70 80