How much will the profit or loss be

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Reference no: EM13187912

on the basis of the following cost data for a purely competitive seller:
Product TFC TVC
0 $150 $0
1 150 70
2 150 120
3 150 150
4 150 220
5 150 300
6 150 390
Refer to the above data. If the product price is $95 at its optimal output, will the firm realize an economic profit, break even, or incur an economic loss? How much will the profit or loss be? Show all calculations.

Reference no: EM13187912

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