(Answered) Suppose the government artificially sets the price of units

Economics

Suppose the government artificially sets the price of units to $20. At this price is the company willing to sell the product. Please explain why or why not.

Quantity (Q)	Price (P)	Total Revenue (TR)	Marginal Revenue (MR)	Total Cost (TC)	Average Cost (AC)	Marginal Cost (MC)	Profit
0	60	0	X	100000	X	X	100000
1000	55	55000	55	106000	106	6	51000
2000	50	100000	45	114000	57	8	14000
3000	45	135000	35	124000	41	10	11000
4000	40	160000	25	136000	34	12	24000
5000	35	175000	15	150000	30	14	25000
6000	30	180000	5	166000	28	17	14000
7000	25	175000	5	184000	25	18	9000
8000	20	160000	15	204000	25	20	44000
9000	15	135000	25	226000	25	22	91000
10000	10	100000	35	250000	25	24	150000

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Business Economics, Economics

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