Below are the variable costs of a vodka supplier

ASSUME Fixed Costs = $300

VC As listed below
1) Complete the rest of the table
Qty
VC
FC
TC
MC
AVC
AFC
0
1
100
2 $
150
3 $
240
4 $
350
5 $
500
6 $
700
7 $
975
8 $
1,350
2) State the shut down price and breakeven price
3) A perfectly comp firm charges the below prices. Would the firm produce?
If so, at what qty & what is the profit?
A)
$
225
B)
$
151
C)
$
70

ATC

Below are the variable costs of a vodka supplier

ASSUME Fixed Costs = $300
VC As listed below
1) Complete the rest of the table
Qty
VC
FC
TC
MC
AVC
AFC
ATC
0
$
300 $
300
1
100 $
300 $
400 $
100 $
100 $
300 $
400
2 $
150 $
300 $
450 $
50 $
75 $
150 $
225
3 $
240 $
300 $
540 $
90 $
80 $
100 $
180
4 $
350 $
300 $
650 $
110 $
88 $
75 $
163
5 $
500 $
300 $
800 $
150 $
100 $
60 $
160
6 $
700 $
300 $ 1,000 $
200 $
117 $
50 $
167
7 $
975 $
300 $ 1,275 $
275 $
139 $
43 $
182
8 $ 1,350 $
300 $ 1,650 $
375 $
169 $
38 $
206
2) State the shut down price and breakeven price
shut down = min AVC = $75
break even = min ATC = $160
3) A perfectly comp firm charges the below prices. Would the firm produce?
If so, at what qty & what is the profit?
revenue Profit
A)
$
225 will produce at Qty=6
$ 1,350 $
350
B)
$
151 will produce at Qty=5
$
755 $
(45)
C)
$
70 Will Not produce, below min AVC
$
(300)