*ONLY NEED ANSWERS E) AND F), A-D HAVE BEEN ANSWERED*
Consider a competitive firm with total costs given by T C(q) =100 + 10q + q2
The firm faces a market price p = 50.
(e) Graph the AT C, AV C, MC, and MR curves in a single graph,and indicate the profit maximizing level of output. If there areprofits, shade the region corresponding to profit and label it.
(f) If fixed costs increase from 100 to 500, what happens to theprofit maximizing level of output, T R, T C, and π? (g) If fixedcosts increase from 100 to 500, should the firm continue
OR
PayPal Gateway not configured
OR
PayPal Gateway not configured