14. Given the following financial information of a competitive firm:
At Q = 0, TVC = 0
At Q = 5, TVC = 125
At Q = 10, TVC = 200
Can you tell if the firm is operating in the short run?
Group of answer choices
No
Yes
Flag question: Question 15
Question 152 pts
15. Using the financial information in #14 above, compute the firm's MC of the 8th unit?
Group of answer choices
$25
$20
cannot be computed based on information provided
$15
Flag question: Question 16
Question 162 pts
16. Using the financial information in #14 above, AVC at Q = 5 is:
Group of answer choices
$25
none of the answers provided is correct
$30
$20