Is it possible for a company to show an accounting profit even while it is incurring an economic loss? How? What might happen with such a company?

2. If Tesla is planning to increase production at its Fremont, California, factory (News Wire "Production and Investments Decisions"), what must be the relationship between marginal cost and price?

3. (a) Complete the following table; (b) then plot the marginal cost and average total cost curves on the same graph. (c) What output has the lowest per-unit cost? (d) What is the value of fixed costs?