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Questions 22 - 30 refer to the two graphs below: (22) What is the profit maximizing output level for FIRM B ? (23) How much

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Questions 22 - 30 refer to the two graphs below: (22) What is the profit maximizing output level for FIRM B ? (23) How much profits will FIRM B make if they sell the quantity you answered for (22) ? (24) Average fixed costs are highest for FIRM A at which output level ? (25) What price will FIRM A sell at in the long run ? (26) What quantity will FIRM A sell in the long run ? (27) What kind of market is FIRM B in ? (28) Which firm sells to buyers with Perfect Information ? (29) At what output level does FIRM B have the highest Average Variable Costs ? (30) What is the maximum technical efficiency output level for firm B ? FIRM A MC AC FIRM BY MC .. .. .. 70 FIRMS Demand AC CURI MRS 50 18 40 -ItIn 10 2 Inkt 1 : Demand Q ID aD 180 AD 75 100 300 500

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