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What is: ( 1 ) AVC at 6 0 0 0 units of output? ( 2 ) ATC at 6 0 0 0 units of

What is:
(1) AVC at 6000 units of output?
(2) ATC at 6000 units of output?
(3) AFC at 6000 units of output?
(4) TVC at 6000 units of output?
(5) TFC at all levels of output?
(6) TC at 10,000 units of output?
(7) When does diminishing returns set in?
Suppose this firm operates in a perfectly
competitive market.
(8) If the market price (the price the firm must take) is $3, what quantity maximizes profits? What is profit?
(9) If the market price (the price the firm must take) is $5.50, what quantity maximizes profits? What is profit?
(10) If the market price (the price the firm must take) is $9, what quantity maximizes profits? What is profit?
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