[related to solved problem #3] suppose that andy sells basketballs in the perfectly competitive basketball market. his output per day and his costs are as follows: output per day total cost variable cost average total cost average variable cost marginal cost 0 $10.00 $0 -- -- -- 1 15.00 5 $15.00 $5.00 $5.00 2 17.50 7.50 8.75 3.75 2.50 3 22.50 12.50 7.50 4.17 5.00 4 30.00 20.00 7.50 5.00 7.50 5 40.00 30.00 8.00 6.00 10.00 6 52.50 42.50 8.75 7.08 12.50 7 67.50 57.50 9.64 8.21 15.00 8 85.00 75.00 10.63 9.38 17.50 9 105.00 95.00 11.67 10.56 20.00 suppose the equilibrium price of basketballs is $2.50. in the short run, how many basketballs will andy produce? 22 (enter a whole number).

The data are not clearly written, the diagram attached gives a clear expression of the given data.

0 basketballs will be produced in the short run

Step-by-step explanation:

The equilibrium price = $2.50

Marginal cost is the change in the total cost that arises when the quantity produced is incremented by one unit; that is, it is the cost of producing one more unit of a good.

By properly observing the marginal cost column in the given table, we would see that there is nowhere the marginal cost is less than the equilibrium price pf $2.50

Since marginal cost varies with the level of production, For their to be the production of basket ball, MC < Equilibrium price. This means that there will be no production of basketballs in the short run

the answer is b. 60. each interior angle in 120, so the exterior angle must be 60 in order to add up to 180

step-by-step explanation:

answer: translate the circles so they share a common center point and dilate circle y by a scale factor of 3.