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pong Problem 08-01 The graph below summerlzes the demand and costs for firm operates In a perfectly competltlve market Instructlons: Use the nearest whole

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pong Problem 08-01 The graph below summerlzes the demand and costs for firm operates In a perfectly competltlve market Instructlons: Use the nearest whole numbers on the graph when calculatlng numerlcel responses below. What level of output should TIs firm produce In the short run? unlls b. Who: prlce should thls firm charge In the short run? c. Who: Is the firm's total cost tills level of output? d. Who: Is the firm's total varleble cost at TIs level of output? e. What Is the firm's fixed cost thls level of output? f. What Is the firm's profit If 11 produces thls level of output? Instructlons: Ifthe firm Is taking e loss, enter thls es negatlve (-) profits.

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