You own four firms that produce different products. The following table summarizes the conditions in each firm. After calculating the missing numbers for each firm, choose a decision for each firm from among the following four decisions, and explain how you reached each particular decision.
(a) continue producing the same output level
(b) shut down
(c) increase output
(d) decrease output $$\begin{array} { | c | c | c | c | c | c | c | c | c | }
\hline \text { Firm } & \text { P } & \text { MR } & \text { TR } & \text { Q } & \text { TC } & \text { MC } & \text { ATC } & \text { AVC } \
\hline \text { A } & 11 & 8 & & 20 & 200 & 5 & & 9 \
\hline \text { B } & 3 & 1 & & 100 & & 1.5 & 2.5 & 2 \
\hline \text { C } & 4 & 2 & 200 & & & 2 & 7 & 5 \
\hline \text { D } & 8 & 5 & & 10 & 70 & 5 & & 6 \
\hline
\end{array}$$

Question

You own four firms that produce different products. The following table summarizes the conditions in each firm. After calculating the missing numbers for each firm, choose a decision for each firm from among the following four decisions, and explain how you reached each particular decision.
(a) continue producing the same output level
(b) shut down
(c) increase output
(d) decrease output $$\begin{array} { | c | c | c | c | c | c | c | c | c | } 
\hline \text { Firm } & \text { P } & \text { MR } & \text { TR } & \text { Q } & \text { TC } & \text { MC } & \text { ATC } & \text { AVC } \
\hline \text { A } & 11 & 8 & & 20 & 200 & 5 & & 9 \
\hline \text { B } & 3 & 1 & & 100 & & 1.5 & 2.5 & 2 \
\hline \text { C } & 4 & 2 & 200 & & & 2 & 7 & 5 \
\hline \text { D } & 8 & 5 & & 10 & 70 & 5 & & 6 \
\hline
\end{array}$$

Quizplus · Accepted Answer

The Answer of You own four firms that produce different products. The following table summarizes the conditions in each firm. After calculating the missing numbers for each firm, choose a decision for each firm from among the following four decisions, and explain how you reached each particular decision.
(a) continue producing the same output level
(b) shut down
(c) increase output
(d) decrease output $$\begin{array} { | c | c | c | c | c | c | c | c | c | } 
\hline \text { Firm } & \text { P } & \text { MR } & \text { TR } & \text { Q } & \text { TC } & \text { MC } & \text { ATC } & \text { AVC } \
\hline \text { A } & 11 & 8 & & 20 & 200 & 5 & & 9 \
\hline \text { B } & 3 & 1 & & 100 & & 1.5 & 2.5 & 2 \
\hline \text { C } & 4 & 2 & 200 & & & 2 & 7 & 5 \
\hline \text { D } & 8 & 5 & & 10 & 70 & 5 & & 6 \
\hline
\end{array}$$

You Own Four Firms That Produce Different Products