40
MC
ATC
30
20
16
15
12
10
332265 NO
5
P₁
AVC
P₂
P3
1. A) The break-even price = $.
B) The shut-down price $,
2. If the market price is $30, then:
a) The marginal revenue - $
b) Total revenue = $
10 20 30 45 50 60 70 80 90 100 110 Q
c) The ATC at the profit-maximizing quantity = $
d) Shade in profit, if there is any.
e) This firm is operating in the (long run short run). How do you know?