Thang and Brittany , of KSA DEEYA Agricultural Inc (a pure competitor), had the following schedule of

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Thang and Brittany, of KSA DEEYA Agricultural Inc (a pure competitor), had the following schedule of TFC and TVC.

Output0246810

TFC$500500500500500500

TVC$ 020034059010001650

Using the data above, find the ATC, AVC and MC values.

(Show work for Q = 0, 2, 4 units.)

Assuming the marginal revenue is $250, would the firm produce, and if so, what would be the profit-maximizing output as well as the amount of the profit?
Graph your results from "b" on your original graph. Be sure to shade in the profit-maximizing area.

Posted Date: Jun 25, 2024 12:08 PM

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Thang and Brittany , of KSA DEEYA Agricultural Inc (a pure competitor), had the following schedule of

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