Use the Following Table to Answer the Questions That Follow

question 25

Essay

Use the following table to answer the questions that follow it.
a. If the perfectly competitive firm faces a market price of $7.50, the firm should produce _____ units for a (profit/loss) of $_____.
b. If the price falls below $_____, the firm should shut down.
c. If the perfectly competitive firm faces a market price of $4.50, it should produce _____ units for a (profit/loss) of $_____.
$\begin{array}{|c|c|c|c|c|}\hline Q & \text { ATC } & \text { AVC } & \text { AFC } & \text { MC } \\\hline 0 & - & - & - & - \\\hline 1 & \$ 13.00 & \$ 8.00 & \$ 5.00 & 8 \\\hline 2 & \$ 8.00 & \$ 5.50 & \$ 2.50 & 3 \\\hline 3 & \$ 6.00 & \$ 4.33 & \$ 1.67 & 2 \\\hline 4 & \$ 5.25 & \$ 4.00 & \$ 1.25 & 3 \\\hline 5 & \$ 5.00 & \$ 4.00 & \$ 1.00 & 4 \\\hline 6 & \$ 5.00 & \$ 4.17 & \$ 0.83 & 5 \\\hline 7 & \$ 5.14 & \$ 4.43 & \$ 0.71 & 6 \\\hline 8 & \$ 5.38 & \$ 4.75 & \$ 0.63 & 7 \\\hline 9 & \$ 5.67 & \$ 5.11 & \$ 0.56 & 8 \\\hline 10 & \$ 6.00 & \$ 5.50 & \$ 0.50 & 9 \\\hline\end{array}$

---

Definitions:

Athletes' Appearance

Refers to the physical presentation and grooming standards expected of athletes, often influenced by societal norms, sports regulations, and individual preferences.

Sex Appeal

The quality of being attractive in a sexual manner, often influencing personal, social, and media interactions.

Physical Appearance

The external characteristics or attributes of an individual's body visible to others.

Female Role

The expected or assigned duties, behaviors, and attributes associated with being female in a society.