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The following graph shows the cost and reverse curves for Aimo Bakery, which sets croisas na perfectly competitive mana. The marginal cout (MC) Urve is
The following graph shows the cost and reverse curves for Aimo Bakery, which sets croisas na perfectly competitive mana. The marginal cout (MC) Urve is red, neverage (ATC) survepren und te marre (MR) curve in blue. (Al vertical values shown a pone multiples of 50) Jaime Bury Cots Revenue Curves 1750 50 Orion Use the graph to answer the following questions about the final romani What is the price that the form chores? p-perunt What is timount of bread (" that the form produces Q- uni c) What is the foresponding average to ATC) un producnd? ATC -pruni Id What is the resulting forever (TR) me femringen? TRES 1500- 1250 1000 0/$ $/ 7507 500 250- 07 8 10 5 6 Quantity (Q) Use the graph to answer the following questions about the firm's optimal (profit-maximizing) operations. (a) What is the optimal price (P) that the firm charges? p= $ per unit (b) What is the optimal amount of bread (Q") that the firm produces? Q* = units (c) What is the firm's corresponding average total cost (ATC) per unit produced? ATC = $per unit (d) What is the resulting total revenue (TR) that the firm brings in? TR = $ (e) What is the firm's corresponding total cost (TC) of production? TC = $ () What is the firm's resulting profit (TT)? (Hint: Don't forget the negative sign if the firm is losing money! TT= $
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