Economics 2301 Assignment 7. Tony Lima. Chapter 9, Q. 2. Chapter 9, Q. 2 answer. The company will produce where P = MC as long as P > minimum AVC. Minimum AVC is 39.17 at Q = 6. At P = 0, 11, 23, 31 the firm will produce no output and profits will be equal to -50 (minus fixed cost).
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Economics 2301Assignment 7
Tony Lima