Price $650 $600 $400 $300 205 b. 260 C-336 d. 365 205 260 none of the above Quantity 336 365 MC Use the graph above to answer the following question. If the market price equals $400, how much will the firm produce in the short run? ATC AVC MR=P Price $650. $600- $400 $300- e. a-205 b. 260 C. 336 365 4 205 260 none of the above 336 365 Quantity Use the graph above to answer the following question. If the market price equals $400, how much will the firm produce in the long run? MC ATC AVC MR=P Price $650 $600 a. $400 $300 3. 205 b. 260 C. 336 e. d. 365 205 260 none of the above Quantity Use the graph above to answer the following question. If the market price was decreased to $250, how much would the firm produce in the short run? MC 336 365 ATC AVC MR=P Price $650. $600 $400 $300 a. 205 b. 260 C. 336 d. 365 HI e none of the above 11 H 11 11 11 11 205 260 336 365 MC Quantity Use the graph above to answer the following question. If the market price was increased to $650, how much would the firm produce in the long run? ATC AVC MR=P 4 12 Price $650. $600 $400 $300 a. equal to b. Use the graph above to answer the following question. At a market price of $400, firm profits are. zero. greater than 205 260 C. less than Quantity 336 365 MC ATC AVC MR P