330 ATO AVO 15 75 80 100 Output 1-At which point the firm gets abnormal profit? 2- based on your answer in question one, what is the amount of total revenue? 3- based on your answer in question one, what is the amount of abonormal profit? 4-Find the value of Average Fixed cost at Q= 100 5- Determine the shutdown point?
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- The Cost and revenue funchon of a firm is given as C=18+7Q+ 10 Q² + SQ 3 and P = 15000+ 3Q" @Identify the fixed cost an Variable Cost T 6 Find the profit maximizing level of output ⑥Estimate the profit or otherwiseThe table below shows the monthly cost of producing vintage model cars for collectors. Instructions: Enter your answers as a whole number. Fill in the missing values for total fixed cost, total variable cost, and total cost in the table bel Vintage Model Car Production Costs Total Fixed Cost (dollars) $1,000 Total Variable Cost (dollars) Total Cost (dollars) $1,000 Output $0 100 1,000 200 1,500 300 3,500 400 3,500 tvCountry Motorbikes Incorporated finds that it costs $400 to produce each motorbike, and that fixed costs are $1300 per day. The price function is p(x)= 700-5x, where p the price (in dollars) at which exactly x motorbikes will be sold. Find the quantity Country Motorbikes should produce and the price it should charge to maximize profit. Also find the maximum profit. 40 quantity price profit motorbikes Enter a number.
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