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The table below shows data for Good X for Firm A. Round to 2 decimal places where necessary. Quantity of X Fixed Costs (FC) Variable
The table below shows data for Good X for Firm A. Round to 2 decimal places where necessary. Quantity of X Fixed Costs (FC) Variable Costs (VC) Total Costs (TC) 0 ? 0 80 1 80 117 197 2 80 252 332 3 ? ? 485 4 80 ? 656 5 80 765 845 6 80 ? 1052 7 ? 1197 ? 8 80 1440 1520 1. Given this data, what are fixed costs when quantity is 0? Answer 1 Question 11 2. Given this data, what are variable costs when quantity is 3?Answer 2 Question 11 3. Given this data, what are total costs when quantity is 7?Answer 3 Question 11 4. Given this data, at what price are profits equal to zero?Answer 4 Question 11 5. Given this data, calculate the shut-down price.Answer 5 Question 11 6. Given this data, if the price is equal to 100, how much should this firm produce
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