OUTPUT------TFC XXXXXXXXXXTVC
0
$100.00
0.001
XXXXXXXXXX2
XXXXXXXXXX3
XXXXXXXXXX4
XXXXXXXXXX5
...

Question

OUTPUT------TFC XXXXXXXXXXTVC
0
$100.00
0.001
 XXXXXXXXXX2
 XXXXXXXXXX3
 XXXXXXXXXX4
 XXXXXXXXXX5
 XXXXXXXXXX
 XXXXXXXXXX(a.) Refer to the above data. If the product price is$25 at its optimal
output,will the firm realize an economic profit, break even, or incur an
economic loss? How much will the profit or loss be?Show all
calculations.

(b.)Refer to the
above data. If the product price is$55, at its optimal output, will the
firm realize an economic profit, break even, or incur an economic
loss?How much will the profit or loss be?Show all calculations.

David · Accepted Answer

OUTPUT------TFC----------   TVC  
0 
$100.00 
0.00 
1 
100.00 
70.00 
2 
100.00 
120.00 
3 
100.00 
150.00 
4 
100.00 
200.00 
5 
100.00 
270.00
6 
100.00 
360.00 
(a.) Refer to the above data. If the product price is$25 at its optimal output,will the firm realize an economic profit, break even, or incur an economic loss? How much will the profit or loss be?Show all calculations.
Answer:

OUTPUT------TFC XXXXXXXXXXTVC 0 $100.00 0.00 1 XXXXXXXXXX 2 XXXXXXXXXX 3 XXXXXXXXXX 4 XXXXXXXXXX 5 XXXXXXXXXX XXXXXXXXXX (a.) Refer to the above data. If the product price is$25 at its...

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