Use the cost function information provided in the table below to answer the following questions. 
(A) Suppose this firm is a price-taker. If the price is $18 per unit, will this firm be earning economic profits? How much? What quantity will it produce?
(B) What is the breakeven price? What is the shutdown price?
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Q153: Exhibit 8-10 Q164: Consider the weight of the people in Q165: Explain the difference between economies of scale Q166: Suppose the average total cost curves for Q168: Fill in the table below about the Q169: Plot the following data for quantity of Q170: Are there economies of scale for a Q170: Consider the relationship between the average test Q175: Draw typical average total cost, average variable Q176: Economies of scale and economies of scope
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