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QUESTION
Q (in units) AF C (in dollars) AVC (in dollars) MC (in dollars) E _-_ _ 170 The table above shows the cost schedules ofa perfectly competitive firm....
a is correct: (50-(0.8+18)*6=187.02
but why c is not correct? : (50-(.63+30))*8=154.96
Q (in units) AF C (in dollars) AVC (in dollars) MC (in dollars)—————————E— ——————_-_——_————170 The table above shows the cost schedules ofa perfectly competitive firm. [fthe market price of output is $50, the firm will produce units and earn a profit (If (Hint: ATC = AFC + AVG.) a. 6; $187.021). 6; $48.00c. 8; $154.95d. 8; $245.04C. 10; $0.00