Pricb 10 ATC 10 20 30 40 50 60 Quantity Refer to above grap

Pricb ?? $10 ATC 10 20 30 40 50 60 Quantity Refer to above graph At a price of $10, the firm is: Experiencing a total profit of $180 Experiencing a total profit of $240 breaking even and should stay open breaking even and should shut down.

Solution

Experiencing a total profit is 180.

At price 10 quantity is 60. ATC at quantity 60 is 7.

Profit= (P-ATC)*Q

= (10-7)60

= 3*60= 180