Suppose that the price of the product is $4. How many units will the firm produce

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Consider the following table. 

Quantity Total Cost
0 $ 16 
2 $ 17 
4 $ 18 
6 $ 19 
8 $ 21 
10 $ 27 
12 $ 35 
14 $ 45 

(1) Suppose that the price of the product is $4. How many units will the firm produce?
(2) In the long run, will the price rise or fall from the current level at $4? Explain the reason. 

    • 12 years ago
    Suppose that the price of the product is $4. How many units will the firm produce
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