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don't use Al bot or chat GPT otherwise downvote. Suppose that the total fixed cost for a particular competitive firm is $6. The marginal cost

don't use Al bot or chat GPT otherwise downvote.

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Suppose that the total fixed cost for a particular competitive firm is $6. The marginal cost for the first unit produced is $9 and decreases by $2 for each of the next two units produced. Thereafter, marginal cost increases by $2 for each additional unit. a. Complete the table below. Round your "Average Variable Cost", "Average Total Cost" answers to 2 decimal places. Total Average Average Marginal Variable Variable Total Units Total Cost Cost Cost Cost Cost e $ 6 1 9:14 1 15 $ 9 $ $ $ 2 W 4 OUT b. What is the shutdown price? Shutdown price: c. If the market price is $11, what is the firm's profit maximizing output? What is the firm's total profit or loss? Output

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