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Assume a single firm in a perfectly competitive industry has total costs as indicated below. Complete the cost table numbered cells and place your answers

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Assume a single firm in a perfectly competitive industry has total costs as indicated below. Complete the cost table numbered cells and place your answers in the corresponding numbered boxes below. Round your answer to the nearest two decimal places (to the nearest cent). DO NOT INCLUDE COMMAS or DOLLAR SIGNS. The decimal will be required for the cents in the boxes. Average Fixed Using the cost table from the previous question I in the below table. (1 mark per answer) Output Time Frame Price Level Profit/Loss Per SR/LR/Shutdown Why that time frame? Unit #1 #2 #3 #4 $230 45 #6 #7 #8 $100 In the following blanks state what number belongs in each of the #1 through #8 boxes in the chart. Write only the number in the answer box do not include units or dollar sign. Round your dollar answers to the nearest penny. Blank # 1 A/ Blank # 2 A/ Blank # 3 A/ Blank # 4 A/ Blank # 5 A/ X

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