Business, 28.12.2021 03:10 hjamya17

Answer the next question on the basis of the following cost data for a perfectly competitive firm. Total ProductAverage Fixed CostAverage Variable CostAverage Total CostMarginal Cost
1$100.00$17.00$117.00$17
250.0016.0066.0015
333.3315.0048.3313
425.0014.2539.2512
520.0014.0034.0013
616.6714.0030.6714
714.2915.7130.0026
812.5017.5030.0030
911.1119.4430.5535
1010.0021.6031.6041
119.0924.0033.0948
128.3326.6735.0056
Which of the following represents the firm's short-run supply schedule?

(1)(2)(3)(4)
PQsPQsPQsPQs
$5012$5012$5011$5011
4220421142104210
368369369369
328328328328
206206206206
13013513013
5

a) Table (1)

b) Table (2)

c) Table (3)

d) Table (4)

Answers: 2

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