AutoSave On Es Assignment #2(3) . Saved v 9 Search (Alt+Q) Aarish Khurana X File Home Insert Draw Design Layout References Mailings Review View Help Comments Share Times New Roman 12 BIU LO Paste ab X, Styles Editing Dictate Sensitivity Editor Reuse A LAv " Aav Files Undo Clipboard S Font Paragraph Isi Styles Is Voice Sensitivity Editor | Reuse Files Q1 Consider the following cost data for a perfectly competitive producer to answer the questions given below it. 12 marks Q (UNITS) AFC ($) AVC ($) AC ($) MC ($) O 60 45 105 45 30 42.5 72.5 40 35 3 20 40 60 15 37.5 52.5 30 12 37 49 35 37.5 47.5 40 6 10 8.57 38.57 47.14 45 7.5 40.63 48.13 55 O 43.33 50 65 6.67 75 10 6 46.5 52.5 -+ 110% Focus 1254 words X English (United States) x Accessibility: Investigate acer feel woDem kqw AutoSave On FS Assignment #2(3) . Saved v Search (Alt+Q) Aarish Khurana O File Home Insert Draw Design Layout References Mailings Review View Help Comments Shar Times New Roman LO Paste BIUVab Styles Editing Dictate Sensitivity Edito Reuse v Aav Files Undo Clipboard Font Paragraph Is Styles Voice Sensitivity Editor Reuse Files 7 8.5 38.57 47.14 45 7.5 40.63 48.13 55 9 6.67 43.33 50 65 10 6 46.5 52.5 75 a) Will this firm produce in the short period if the product price is $64? What will be the total profits or loss of the firm? TR= TC = Profit or loss = Decision: b) Will this firm produce in the short period if the product price is $44? What will be the total profits or loss of the firm? TR = TC = Profit or loss = Decision: C) What will be the profit/loss of the firm if the product price is $32? Will it be beneficial to shut down the production? Why? TR= TC = Profit or loss = Decision: Q2 Consider the given diagram. Apply MC = MR approach for completing the table given below. 12 marks Focus 110% 1254 words X English (United States) Accessibility. Investigate feel acer by wacom