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
ECON 545 Final Exam (2017 version) Help | Page 5
ECON 545 Final Exam (2017 version) Help | Page 7