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Answer the next questions (Parts A and B) on the basis of the following cost data for a firm operating in pure competition.
Output TFC TVC
0 $200.00 0.00
1 $200.00 50.00
2 $200.00 120.00
3 $200.00 200.00
4 $200.00 300.00
5 $200.00 450.00
6 $200.00 650.00
(Part A) Refer to the above data. If the product price is $75 at its optimal output, will the firm realize an economic profit, break even, or incur an economic loss? How much will the profit or loss be? Show all calculations.
(Part B) Refer to the above data. If the product price is $100 at its optimal output, will the firm realize an economic profit, break even, or incur an economic loss? How much will the profit or loss be? Show all calculations.
For Q between 0 and 10, does this firm experience increasing returns to scale? What about larger quantities?
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1. The central banking functions in India are performed by the Central Bank of India Reserve Bank of India State Bank of India Punjab National Bank
operations managmentneed some help with these homework questions. can someone please show me how to solve for the
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