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(Solved): 1. The following table presents the production costs of a perfectly competitive firm. a. Using the ...




1. The following table presents the production costs of a perfectly competitive firm.
a. Using the information in the table,
1. The following table presents the production costs of a perfectly competitive firm. a. Using the information in the table, answer the following parts: II. If the market price is equivalent to \( \$ 52 \), determine how many units the company will produce to maximize profits and what is the monetary value of Total Revenue, Total Cost, and Economic Profits or Losses. III. If the market price is equivalent to \( \$ 33 \), determine how many units the company will produce and how much is the monetary value of Total Revenue, Total Cost, and Economic| Profits or Losses. If it presents economic losses, which option will the express select close the company or continue producing. IV. If the price is equal to \( \$ 70 \), the company generates economic profit or loss. If it presents economic losses, which option will the express select: close the company or continue prodycios Cemolete la siguiente tabla relacionada a un monopolie puro.


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ii. Quantity : 8 units Total revenue : 416 Total cost : 385 Profit : 31 Explanation : Firm maximizes it's profit where MR equals MC. In perfect compet
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