ECON 545 Final Exam (2017 version) Help | Page 6

4. ​( TCO C) Answer the next questions( Parts A and B) on the basis of the following cost data for a firm operating in pure competition.( 20 points)

Outp ut

TFC TVC

0 $ 200.0 0.00

0

1 $ 200.0 50.00

0

2 $ 200.0 0

120.0 0

3 $ 200.0 0

200.0 0