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Please help I think I did the first part right but I am confused with the rest, thank you awerage varlable cost (AWC) curves for
Please help I think I did the first part right but I am confused with the rest, thank you
awerage varlable cost (AWC) curves for a typecal firm in the indentry. For euch price in the following table, use the graph to determine the number of tamps this firm would produce in order ta maximite its profic. Acrume that when the price is evactly equal to the average variable cost, the firm is indifferent beeween producing zero tamps and the pront-inadimilite quantity. Also, indicate whethen the firm will produce, shut down, or be indifferent between the two in tho short rum. Lasty, deterninine whether it will mathe a profit, suffer a loss, or broak even at each price. to prices where there is positive output. (Note: You are given moce points to ploc than you need.) Subpose theme are 9 |reter in this industry. each of whech has the cost curves previcusly shown. On the following graph, use the orange points (square symbol) to plot points along the portion af the industry's short riat wpoly arve that symbol) on the graph co indicate the short run equilibritim prion and ovantily in thes market, Note: Dastied drop liness win sutomaticaly wextend to both axim Ns the current short-riti market price, firms will awerage varlable cost (AWC) curves for a typecal firm in the indentry. For euch price in the following table, use the graph to determine the number of tamps this firm would produce in order ta maximite its profic. Acrume that when the price is evactly equal to the average variable cost, the firm is indifferent beeween producing zero tamps and the pront-inadimilite quantity. Also, indicate whethen the firm will produce, shut down, or be indifferent between the two in tho short rum. Lasty, deterninine whether it will mathe a profit, suffer a loss, or broak even at each price. to prices where there is positive output. (Note: You are given moce points to ploc than you need.) Subpose theme are 9 |reter in this industry. each of whech has the cost curves previcusly shown. On the following graph, use the orange points (square symbol) to plot points along the portion af the industry's short riat wpoly arve that symbol) on the graph co indicate the short run equilibritim prion and ovantily in thes market, Note: Dastied drop liness win sutomaticaly wextend to both axim Ns the current short-riti market price, firms willStep by Step Solution
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