Remaining Time: 1 hour, 34 minutes, 53 QUESTION 18 A fam is producing 200 units
ID: 1108101 • Letter: R
Question
Remaining Time: 1 hour, 34 minutes, 53 QUESTION 18 A fam is producing 200 units of output at a total cost of $1,000. The firm's average variable cost equals $4 per unit. Total fixed cost a equals $1,000. e b equals $2 equals $800. O d equals $200 QUESTION 19 2.22222 points antitrust laws constrain perfectly competitive firms establish the prices of products its output is insignificant relative to the market as a whole. o d it is unaware of the demand curve it faces QUESTION 20 Suppose that a firm in an industry subject to diminishing returns to scale is initally in long run equalibriun Which of the fallowing will not be part of the industry make economic profits O b. Some new firms will enter c. The long run equalibrium price wall be higher than the initial equilibrium price d All of the above will be consequences QUESTION 21 archExplanation / Answer
18) The answer is D-) equals $200
because firm is producing 200 untis of output. and VCis $4 per unit.
VC of 20o units = 200*4 = 800
TC= 1000
TC = FC+VC
1000 = FC + 800
FC= 1000 -800 = 200
19) and all. please uploa it again. its against chegg policy