# Suppose a firm faces the following costs: Quantity 0 1 2 3 4 5 6 7...

###### Question:

Suppose a firm faces the following costs:

 Quantity 0 1 2 3 4 5 6 7 8 Total Cost 200 300 350 370 400 460 540 640 760

Which of the following prices is the lowest price at which a price-taking firm would decide to produce rather than shutdown?

a P = 60

b P = 100

c P = 20

d P = 80

e P = 40

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