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4) Assume the following total cost schedule for a perfectly competitive firm.

4) Assume the following total cost schedule for a perfectly competitive firm. TFC S I Ooe 1 ooe 1 ooe 1 ooe 1 ooe 1 ooe Ou ute 3e 6+1 TVC S noe 250e 330+3 9)Refer to Table 9-1. This profit-maximizing firm would produce no output in the short run if the market price of its output dropped belowe A) $35.e B) S40.e C) S70.e D) S90.e E) S100.e 10) Refer to Table 9-1. At what price would a profit-maximizing firm earn zero economic profits?e A) $401fJ B) S70e C) S145e D) S220e E) S430e I I )Refer to Table 9-1. If the market price were S75, this perfectly competitive firm wishing to maximize its profits would A) produce 2 units of output.e B) produce 6 units of output.e C) produce 5 units of output.e D) not produce because P < minimum of ATC.e E) not produce because P < TFC.e