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Firm profit maximizing level of output

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Reference no: EM131277979

You are hired as a general manager to a firm in a perfectly competitive market that sells Product X at a market price of $30 each. The firm's cost scheduled is as follows:

Quantity

Price

TR

TC

Profit

MR

MC

FC

VC

ATC

AVC

0

10






1

25






2

45






3

70






4

100






5

135






6

175






Fill in the above table.                                                                        

Based on your answer in a), what is the firm's profit maximizing level of output?

Reference no: EM131277979

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