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Someone plz help with this! 5. The lowest short run average total cost for Zonkers occurs when they produce units per week. a. Nm II.

Someone plz help with this!

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5. The lowest short run average total cost for Zonkers occurs when they produce units per week. a. Nm II. (2 points) Choose two (2) of the incorrect answers to multiple choice Question #7 (Claude's Copper Clappers problem) and explain why they are incorrect. Exhibit 0126 $/q 6.00 MC ATC 4.90 AVC 4.00 d = MR 2.80 2.60 O 6 8 12 14 6. If the price-taking firm in Exhibit 0126 is currently producing 6 units, then to maximize profits in the short run, it should a. keep producing 6 units b. increase production to 13 units increase production to 14 units d. increase production to 8 units e. shut down immediately 7. Claude's Copper Clappers sells clappers for $65 each in a perfectly competitive market. At its present rate of output, Claude's marginal cost is $65, average variable cost is $45, and average total cost is $67. To maximize his profit or minimize his loss in the short run, Claude should a. increase output reduce output but not to zero c. maintain the present rate of output d. shut down e. raise price 8. A price taker in a perfectly competitive industry is currently selling 6000 units per month at the market price of $8 per unit. Monthly total variable costs are $50,000 and total fixed costs are $20,000. Marginal cost is $8 per unit and rising. Economic profits a. are equal to zero are greater than zero c.) are less than zero d. cannot be determined

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