25 20 MC ATC 15 Price ($) 10 D, MR 2 6 8 10 12 Quantity (a) Find the total profit or total loss of the firm shown in above figure (Click to select) (b) Is the firm in the short run or the long run? (Click to select) v (c) How much is the firm's most efficient output? (Click to select) v (d) What is the lowest price the firm would accept in the long run? (Click to select) Click to select) Above $10 Between $10 and the minimum of ATC ($7.25) The minimum of ATC ($7.25) They would accept anythingUse the graph below to answer the following questions. 100 MC 90 80 ATC Price ($) AVC 0 4 8 12 16 20 24 28 32 36 40 44 Output (a) The shut-down point occurs where the price line is tangent to (Click to select) ~ at a price of $ (Click to select) (b) The break-even point occurs where the price line is tangent to AVC at a price of $ MC ATO25 20 MC ATC 15 Price ($) 10 D, MR O 2 4 6 8 10 12 Quantity (a) Find the total profit or total loss of the firm shown in above figure. (Click to select) (b) Is the firm in the short run or the long run? (Click to select) v (c) How much is the firm's most efficient output? (Click to select) v (Click to select) (d) 6.75 st price the firm would accept in the long run? 9.75 3.5 7 75At an output of 14, MC = $50 and ATC = $55. At an output of 15, MC = $65 and ATC = $56. Estimate the ATC at the break-even point. Instructions: Enter your answer rounded to 2 decimal places. ATC: $At an output of 9, MC = $20 and AVC = $25. At an output of 10, MC = $32 and AVC = $26. What is the lowest price the firm will accept in the short run? Instructions: Round your answer to 2 decimal places. Price : $:25 20 MC ATC 15 Price ($) 10 D, MR 2 6 8 10 12 Quantity (a) Find the total profit or total loss of the firm shown in above figure. (Click to select) (b) Is the firm in the short run or the long run? (Click to select) v (Click to select) (C) Short run firm's most efficient output? Long run (Click to select) ~ d) What is the lowest price the firm would accept in the long run? (Click to select)Use the graph below to answer the following questions. 16:35 100 MC 90 80 70 ATC Price ($) AVC 0 4 8 12 16 20 24 28 32 36 40 44 Output (a) The shut-down point occurs where the price line is tangent to (Click to select) | at a price of $ (b) The break-even point occurs where the price line is tangent to (Click to select) ~ at a price of $ (Click to selter) MC AVO ATO