# (Solved): Please answer everything, they are all based on the figure below. I will definitely thanks! &n ...

Please answer everything, they are all based on the figure below. I will definitely ???? thanks!

Refer to Figure 1. The firm should shut down if the market price is a. above $$\ 14$$. b. above $$\ 12$$ but less than $$\ 14$$. c. above $$\ 10$$ but less than $$\ 12$$. d. less than $$\ 10$$. Refer to Figure 1. When the price of the good is $$\ 14$$, the firm's maximum profit is a. $$\quad \ 240$$. b. $$\quad \ 180$$. c. There is not enough information to determine the firm's maximum profit. d. $$\quad \ 1680$$. Refer to Figure 1. When the price of the good is $$\ 12$$, the firm's maximum profit is a. $$\ 0$$. b. $$\ 240$$. c. There is not enough information to determine the firm's maximum profit. d. $$\ 1500$$. Refer to Figure 1. When the price of the good is $$11 \$$, the company a. profits are in between 0 and $$-\mathrm{FC}$$, so it should exit the market because profits are negative. b. profits are less than $$-\mathrm{FC}$$, so it should exit the market because profits are negative. c. profits are in between 0 and $$-F C$$, higher than the $$-F C$$, so it should stay to cover partially $$F C$$. d. None of the above are correct.

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