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Complete the following microeconomics question, and its parts, for section 2 (attached) Suppose that purified water is produced in a perfectly competitive industry. The table
"Complete the following microeconomics question, and its parts, for section 2" (attached)
Suppose that purified water is produced in a perfectly competitive industry. The table shows the cost information for Dasant Puri fled Water Output in batches) AFC s 3333 1667 1429 12.5 g_og 8_33 AVC s 14.25 14 17.5 19.44 21.6 26.67 ATC 39.25 30.67 30.00 30.00 31.6 33_og 26 a. Ifthe market price per batch is 548, what is the level of output that Dasani Purified Water .uuld choose to maximize its profit or mmim:ze its loss? Would they produce or shut-down? the calculation of economic profit or loss If the market price per batch 512, what is the level of output that Dasani Purified Water would choose to maximize its profit or mmim:ze its loss? Would they produce or shut-down? the calculation of economic profit or loss If the market price per batch is 326: what is the level of output that Dasani Purified Water would choose to maximize its profit or mmim:ze its loss? Would they produce or shut-down? Explain using the calculation of economic profit or At what price Dasani Purified Water shut-down? e. At what price Dasani Purified Water makes normal economic profit?
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