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Firm A B C Price $3.00 $5.00 Output 500 TR $3,500 $1,800 $4,000 TC $2,975 FC $180 $1,200 VC $2,450 ATC $5.95 $5.50 AVC $4.90

Firm

A

B

C

Price

$3.00

$5.00

Output

500

TR

$3,500

$1,800

$4,000

TC

$2,975

FC

$180

$1,200

VC

$2,450

ATC

$5.95

$5.50

AVC

$4.90

$2.00

Minimum

MC

$4.00

$3.50

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Choose one scenario, either A, B, OR C and back up your recommendation with an appropriate explanation (in English) because your client will want to know how you arrived at your conclusion. If you don't provide an explanation, or if it is flawed, you won't receive your consulting fee, or full points.

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