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confused and need explained The Seaside Ice Cream Company produces and sells ice cream on the boardwalk at the SN ocean. Assume that this is

confused and need explained

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The Seaside Ice Cream Company produces and sells ice cream on the boardwalk at the SN ocean. Assume that this is a perfectly competitive market. The company pays $1000 per month to rent the building where it is located and rents the equipment it uses for $200 per month. These are their fixed costs. The firm's monthly variable costs are listed in the following table. Quantity of Ice Cream Variable Costs (pints) 0 $0 100 $200 200 $250 300 $400 400 $700 500 $1,200 600 $1,950 700 $3,000 800 $4,400 . Calculate the firm's total cost, marginal cost, average total cost, and average variable cost for each quantity shown above. Show your calculations and make a table with your results. How much ice cream will the Seaside Ice Cream Company produce if the market price is $5 per pint? Explain. How much profit will the company make when the price of ice cream is $5 per pint? Show your calculation. What is the shut-down price for this firm? Explain what this means. How much ice cream will the Seaside Ice Cream Company produce if the market price is $2 per pint? Explain. What is the break-even price for the firm? Explain what this means. If the price of ice cream in this market is $7.50 per pint will the price remain there in the long run? Explain

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