Find the profit maximizing quantity and profit for firm

Reference no: EM13210173

the following based on the table below which is the cost of one firm in a perfectly competitive market.

Q FC VC TC MC AVC AFC ATC
0 NA NA NA NA
1 10
2 9
3 91
4 37
5 296 10
6 17
7 90
8 46
9 414
10 23.4

a) Fill in the missing items in the following table. I would suggest you complete the table, cut it out, and paste it (either electronically or physically) into your sheet you turn in.

b) Find the profit maximizing quantity and profit for firm in the short run if the price is $30

Reference no: EM13210173

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