QUESTION 13

1. Table 14-15-a
2. Quantity
3. Total Cost
4. 0
5. $4
6. 1
7. $10
8. 2
9. $16
10. 3
11. $21
12. 4
13. $24
14. 5
15. $35
16. 6
17. $48
19. Refer to Table 14-15-a.What is the lowest price at which this firm would operate in the short run?
20. a.$8.b.$5.c.$7.d.$6.

Table 14-15-a

Quantity

Total Cost

0

$4

1

$10

2

$16

3

$21

4

$24

5

$35

6

1. $48