Hi,

I have a question about the production decision as illustrated by the attachment.

Ly Lab 9 (Question 2) ~ Lyryx Learning Inc - Personal - Microsoft Edge X & https://laecon1.lyryx.com/student-servlets/LabServlet?ccid=3820 Preferences Help Lab 9 (Question 2) Name: Ha Tuan Khanh Nguyen Date: 2021-03-25 Question 2 [8 points] Assume the following cost data are for a purely competitive producer. Total Product Average Fixed Average Average Total Marginal Cost Cost Variable cost Cost 64 47 111 47 32 45 77 43 21.33 43 64.33 39 16 41 57 35 CO 00 -OUT A WN - 12.8 40.6 53.4 39 10.67 41 51.67 43 9.14 41.86 51 47 8 43 51 51 7.11 44.33 51.44 55 For each product price, decide how many units the firm will produce and what the corresponding profit or loss will be. Note: Keep as much precision as possible during your calculations. Your profit/loss amounts should be accurate to at least two decimal places. Price a) $37.00 Output Loss $0 b) $45.00 Output 0 Choose One $ 0 c) $53.00 Output Choose One $ 0 Official Time: 10:15:50 SUBMIT AND MARK SAVE AND CLOSE Type here to search KN KN M ~ E ( 1) / ENG 10:15 AM 3/25/2021