(A) what was the prevailing computer price in 1978?
(B) how much total profit did the typical firm earn?
(C)at what price would profits have been zero?
(D) at what price would the firm have shut down?
Extracted text: mmun X SCC PortalGuard -SCC Portal Lo x Assignments. Microeconomics Chapter 9 HW nnect.mheducation.com/flow/connect.html Saved HW Profit per Average Unit (Price Total Cost Output Marginal Marginal Total Revenue Price Total Cost Total Profit Minus per Month Revenue* Cost Average Cost) $4 -$60,000 $ 60,000 90,000 $1,000 100 1,000 100,000 10,000 $1,000 24300 $900 $100 200 1,000 200,000 130,000 70,000 1,000 400 650 350 600 1,000 1,000 1,000 1,000 1,000 1,000 1,000 500 400 300,000 400,000 500,000 600,000 700,000 800,000 900,000 180,000 120,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 300 160,000 600 600 400 240,000 320,000 420,000 400 nces 500 180,000 800 640 360 1,000 1,260 1,740 1,998 700 300 180,000 154,000 80,000 -19,800 600 780 220 546,000 720,000 919,800 700 800 900 100 1,022 -22 900 Note that output levels are calibrated in hundreds in this example; that's why we have divided the change in total costs and revenues from one output level to another by 100 to calculate marginal revenue and marginal cost. Very few manufacturers deal in units of 1. Instructions: Enter your responses as a whole umber. (a) What was the prevailing computer price in 1978? < prev="" 6="" of="" 9="" next=""> cation DELL