Sign up or log in to view additional materials. You'll gain access to interventions, extensions, task implementation guides, and more for this lesson. In this lesson you will learn to determine the distance between integers by examining absolute value and number lines.
C. have the firm produce the quantity at which marginal revenue equals marginal cost. D. set price equal to marginal cost, even if marginal cost is less than average total cost. 13. Suppose a monopoly firm has a constant marginal cost equal to $8.
Price is $18. At the level of output at which marginal revenue equals marginal cost, 17 units, average variable cost is $8 per unit. If the firm shuts down, it loses $204.If it produces, it receives revenues of $306 and has total costs of $238 (variable cost) plus $204 (fixed cost).Thus it loses $136 instead of $204.rice is $18. At the level of output at which marginal revenue equals marginal cost, 17 units, average variable cost is $8 per unit. If the firm shuts down, it loses $204.