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Calculating ATC, AVC, AFC, and MC Fill in the blanks for a firm producing boxes of oranges : Assume this firm is in a perfectly

Calculating ATC, AVC, AFC, and MC Fill in the blanks for a firm producing boxes of oranges : Assume this firm is in a perfectly Output Variable Total AVC Cost AFC Cost ATC MC competitive market and the price is $35 (box) for each box. 0 $0 $10 20 1. How many boxes should they produce? Why? 2 30 3 60 3.33 23.3 2. Calculate the profit at that quantity 4 100 2.5 27.5

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