You are given the following information about the costs of a perfectly competiti
ID: 1231484 • Letter: Y
Question
You are given the following information about the costs of a perfectly competitive firm.
Quantity
TFC
TVC
0
45
0
1
45
20
2
45
35
3
45
45
4
45
75
5
45
120
6
45
180
You are hired to determine the profit-maximizing quantity of the firm for different market prices. Complete the table below.
Quantity
TFC
TVC
0
45
0
1
45
20
2
45
35
3
45
45
4
45
75
5
45
120
6
45
180
You are given the following information about the costs of a perfectly competitive firm. Quantity TFC TVC 0 45 0 1 45 20 2 45 35 3 45 45 4 45 75 5 45 120 6 45 180 You are hired to determine the profit-maximizing quantity of the firm for different market prices. Complete the table belowExplanation / Answer
see its simple i'll do it for 14$ , u can continue for others for max level output quantity x 14 - (TFC +TVC) = maximum put all the values of q and corresponding TFC and TVC and see for which you get the max output that will be the profit maximizing output....... 1 Total revenue = quantity x 14 ......... 2 Total cost = TFC +TVC ...............3 Total profit = quantity x 14 - (TFC +TVC) ...........4 PLEASE RATE Highly appreciated
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