php/2525019/mod resource/content/47%20Homework 20Theod OD Page view A Read aloud Add text Da The price or CCH JACKETS STUU. The marga USE INC or pruum Jack appears in Table. Table: Output and Marginal Cost of the firm XYZ Output MC (5) 1 100 2 80 3 60 4 40 $ 60 6 80 7 100 8 120 100 Draw the marginalet (MC), merge variable cost(AVC were cut (AC). marginal revenge (MR), and average rescue (AR) canes in same diagram (b) What is the profilimining populed of the firm XYZ Show in the diagram that you have done in partner e) is the firm XYZ making profiterons low much ist Show in the diagram that you have drawn input 9 F10 PS F11 F12 Pisar A & * * 7 00 9 1. You are given the following information for the XYZ firm, which is producing leather jacket in a perfectively market. The total fixed cost (TFC) of the firm is $120 and the market price of each jacket is $100. The marginal cost (MC) of producing jacket appears in Table. Table: Output and Marginal Cost of the firm XYZ Output MC (S) 100 2 80 60 40 5 60 6 80 7 100 8 120 9 140 (a) Draw the marginal cost (MC), average variable cost (AVC), average cost (AC), marginal revenue (MR), and average revenue (AR) curves in a same diagram. (b) What is the profit maximizing output level of the firm XYZ? Show in the diagram that you have drawn in part (a) answer. (e) is the firm XYZ making profit or loss? How much is it? Show in the diagram that you have drawn in part (a) answer. php/2525019/mod resource/content/47%20Homework 20Theod OD Page view A Read aloud Add text Da The price or CCH JACKETS STUU. The marga USE INC or pruum Jack appears in Table. Table: Output and Marginal Cost of the firm XYZ Output MC (5) 1 100 2 80 3 60 4 40 $ 60 6 80 7 100 8 120 100 Draw the marginalet (MC), merge variable cost(AVC were cut (AC). marginal revenge (MR), and average rescue (AR) canes in same diagram (b) What is the profilimining populed of the firm XYZ Show in the diagram that you have done in partner e) is the firm XYZ making profiterons low much ist Show in the diagram that you have drawn input 9 F10 PS F11 F12 Pisar A & * * 7 00 9 1. You are given the following information for the XYZ firm, which is producing leather jacket in a perfectively market. The total fixed cost (TFC) of the firm is $120 and the market price of each jacket is $100. The marginal cost (MC) of producing jacket appears in Table. Table: Output and Marginal Cost of the firm XYZ Output MC (S) 100 2 80 60 40 5 60 6 80 7 100 8 120 9 140 (a) Draw the marginal cost (MC), average variable cost (AVC), average cost (AC), marginal revenue (MR), and average revenue (AR) curves in a same diagram. (b) What is the profit maximizing output level of the firm XYZ? Show in the diagram that you have drawn in part (a) answer. (e) is the firm XYZ making profit or loss? How much is it? Show in the diagram that you have drawn in part (a)
