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help me with the whole chart!! please thank you 1) Use the table below to trace through a firm's production process to the firm's costs
help me with the whole chart!! please thank you
1) Use the table below to trace through a firm's production process to the firm's costs (\& per-unit cost curves) to economic profits in a Perfectly Competitive market. Complete the table. Use no more than two places after the decimal (like ordinary financial terms (e.g. $2.84). 2) Neatly sketch a diagram (on another page) using the method shown in Dr. Van Vleck's videos (starting from diagrams similar to Figures 9.1,9.2, \& 9.3). Base your diagram on the oecwnit cost information derived in the the table. Label your diagram properly. 3) Depending upon which you were assigned (Economic Profit or Economic Loss), fill in your diagram to show. Explain how you determined your answer, Be brief, but not terse. What should this entrepreneur do while in the short flun? What about the Long Run Step by Step Solution
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