Q MC AVC ATC

1 1.2 1 5

2 1.5 1.1 3.2

3 1.8 1.2 2.7

4 2.1 1.3 2.5

5 2.4 1.4 2.4

6 2.7 1.5 2.6

7 3 1.6 2.8

8 3.3 1.7 3

9 3.6 1.8 3.2

10 3.9 1.9 3.4

Based off the chart can you help explain the following:

A - In the short run, what is the quantity supplied by the firm at a market price of $3.3?

B - At the market price of $3.3, what is the profit of the firm?

C - In the short run, if the market price drops to $2.1 and the firm cannot avoid the fixed costs, what Q would the firm produce?