PART 2

This cost table is related to a competitive firm.

Q. TFC TVC TC AVC ATC MC

0 30 NA NA NA

1 50

2 66

3 80

4 90

5 100

6 114

7 131.2

8 150

9 190

Using this table above, answer the following questions.

6 Complete the table above.

7 Plot ATC, AVC, and MC in one diagram.

8 What is the shutdown price?

9 At a price of $18.8 how much should the firm produce to maximize profit?

10 At a price of $18.8 calculate its profit.

please show mw how you got the result not only the answer. thank you