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Answered: - Did not receive help in previous questions, time frame sho


Did not receive help in previous questions, time frame shortened. Please answer all 25 questions. Due by 11:30PM EST


Quantity

 

0

 

1

 

2

 

3

 

4

 

5

 

6

 


 

TFC

 

45

 

45

 

45

 

45

 

45

 

45

 

45

 


 

TVC

 

0

 

20

 

35

 

45

 

75

 

120

 

180

 


 

1. Examine the table above, which gives information about the costs of a perfectly competitive firm. You

 

are hired to deteremine the profit-maximizing quantity for the firm at different prices. For each price

 

listed, you must find the output level, total revenue, total cost, and profit.

 

When the Market price is P =$14,

 

A. What is the profit maximizing level of output?

 

B. What is the total revenue at this level of output?

 

C. What is the total cost at this level of output?

 

D. What is the profit at this level of output?

 

2. Examine the table above, which gives information about the costs of a perfectly competitive firm. You

 

are hired to deteremine the profit-maximizing quantity for the firm at different prices. For each price

 

listed, you must find the output level, total revenue, total cost, and profit.

 

When the Market price is P =$18,

 

A. What is the profit maximizing level of output?

 

B. What is the total revenue at this level of output?

 

C. What is the total cost at this level of output?

 

D. What is the profit at this level of output?

 

3. Examine the table above, which gives information about the costs of a perfectly competitive firm. You

 

are hired to deteremine the profit-maximizing quantity for the firm at different prices. For each price

 

listed, you must find the output level, total revenue, total cost, and profit.

 

When the Market price is P =$44,

 

A. What is the profit maximizing level of output?

 

B. What is the total revenue at this level of output?

 

C. What is the total cost at this level of output?

 

D. What is the profit at this level of output?

 


 

4. Examine the table above, which gives information about the costs of a perfectly competitive firm. You

 

are hired to deteremine the profit-maximizing quantity for the firm at different prices. For each price

 

listed, you must find the output level, total revenue, total cost, and profit.

 

When the Market price is P =$53,

 

A. What is the profit maximizing level of output?

 

B. What is the total revenue at this level of output?

 

C. What is the total cost at this level of output?

 

D. What is the profit at this level of output?

 

5. Examine the table above, which gives information about the costs of a perfectly competitive firm. You

 

are hired to deteremine the profit-maximizing quantity for the firm at different prices. For each price

 

listed, you must find the output level, total revenue, total cost, and profit.

 

When the Market price is P =$70,

 

A. What is the profit maximizing level of output?

 

B. What is the total revenue at this level of output?

 

C. What is the total cost at this level of output?

 

D. What is the profit at this level of output?

 


 

 


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