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Consider Willie Wheat and assume his production level is at 150 bushels of wheat, his marginal revenue will be and marginal cost will be $5;$1.60

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Consider Willie Wheat and assume his production level is at 150 bushels of wheat, his marginal revenue will be and marginal cost will be $5;$1.60 $5;$2.40 $2;$10.20 $2;$8.80 Henry Hamburger can produce 1,200 hamburgers at a variable cost of $2,800. Assuming they can change $2.80 a hamburger, the AVC will be and they should $2.88; should shut down $2.56; should continue operating $2.54; should shut down $2.33; should continue operating

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