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Help A perfectly competitive firm faces the following scenario: 48 ATC a. If the market price is $46, the firm 42 maximizes its profits when

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A perfectly competitive firm faces the following scenario: 48 ATC a. If the market price is $46, the firm 42 maximizes its profits when it supplies AVC units of output. 364 b. At this price the firm's profits are 30- equal to c. This firm's shut-down price is Cost and revenues ( dollars) 24 O d. This firm's fixed costs are equal to 18. 12 Please explain how you calculated MC your fixed costs. 6 e. The price associated with zero economic profit is 8 12 16 20 24 28 32 36 40 44 Reset Quantity supplied

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