QUESTION 15 Suppose that p = 100- O, MR=100-20, TC=1125+ (2 , and MC=20. Solve for output, price, average total cost, and profit. O Q=25,
QUESTION 15 Suppose that p = 100- O, MR=100-20, TC=1125+ (2 , and MC=20. Solve for output, price, average total cost, and profit. O Q=25, P=75, ATC=70, Profit=125 O Q=33.3, P=66.7, ATC=67, Profit= -1 O Q=33.3, P=66.7, ATC=67, Profit= 1 O Q=25, P=75, ATC=70, Profit= -375
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