Saved Connect Problem CP 10-09 (algo) Farley's Frozen Yogurt is a purely competitive firm that sells frozen yogurt cakes. The market price is $10 per cake. Assume that AVC is $4 per cake AFC is $3 per cake, and Farley's sells 300 frozen yogurt cakes. a. Farley's Frozen Yogurt Instructions: In order to receive full credit, you must make a selection for each option. For correct answer(s), click the box once to place a check mark. For incorrect answers, click the option twice to empty the box will have a normal profit will have an economic profit should shut down 2 should produce in the short run 2 will have a short-ran loss. b. Suppose the marginal cost of a frozen yogurt cake is $12. Farley's Frozen Yogurt should produce less O produce the same quantity O produce more not produce
