Question : 81.Afirminacompetitivemarkethasthefollowingcoststructure: Output TotalCost : 1261524
81.Afirminacompetitivemarkethasthefollowingcoststructure: Output TotalCost 0 $5 1 $10 2 $12 3 $15 4 $24 5 $40 If themarket priceis $16,thisfirm will a.produce4unitsofoutputintheshortrunandexitinthelongrun. b.produce5unitsofoutputintheshortrunandexitinthelongrun. c.produce5unitsofoutputintheshortrunandfacecompetitionfromnewmarketentrantsinthelongrun. d.shutdownintheshortrunandexitinthelongrun. 82.Afirminacompetitivemarkethasthefollowingcoststructure: Output TotalCosts 0 $10 1 $12 2 $15 3 $19 4 $24 5 $30 6 $37 7 $46 8 $55 9 $65 Ifthemarketpriceis$8,howmanyunitsofoutputshouldthefirmproducetomaximizeprofit? a.5units b.6units c.7units d.8units 83.Afirminacompetitivemarkethasthefollowingcoststructure: Output ATC 0 — 1 $10 […]