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In a Perfectly Competitive market, a firm is a price taker. You are asked to find the company's Shut-Down, Break- Even, and Profit-Maximization points. Fixed
In a Perfectly Competitive market, a firm is a price taker. You are asked to find the company's Shut-Down, Break- Even, and Profit-Maximization points. Fixed Costs remains at $3,000.00. Graph MR, MC, ATC, AFC, and AVC on a graph. Calculate the revenue, profit, and costs on the graph. Is this firm profitable or experiencing a loss? Fixed Output Variable P=D TC TR ATC AVC Costs AFC MC Costs MR 0 $20.00 $3,000 100 $20.00 $4,500 200 $20.00 $6,500 300 $20.00 $8,500 400 $20.00 $11,000 500 $20.00 $13,500
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