Quantity TC
(tattoos per hour)
(dollars per hour)
0 . 25
1 . 40
2 . 50
3 . 65
4 85
5 . 110
6 . 140
Archibald's Tattoos is a perfectly competitive firm. The firm's costs are shown in the table.
a. What is Archibald's shut-down price?
b. What is Archibald's break-even price?