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Identify the profit-maximizing quantity supplied by firm

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Reference no: EM133079817

Assuming the firm's selling price is AUD 15, the marginal revenue is also AUD15.

1. Complete the table below 

2. Identify the profit-maximizing quantity supplied by the firm.  Calculate the amount of profit/loss at this optimal point. Can you please show the work too?

Quantity (Kg) 

Average variable cost

Average Fixed Cost

Average Total Cost

Marginal Cost

2.50

7.50

5.10

?

 

3.50

9.00

3.00

?

9.00

4.50

10.00

2.50

?

12.50

5.50

14.00

1.80

?

13.00

6.00

18.00

1.67

?

15.00

10.00

25.00

1.43

?

16.00

 

Reference no: EM133079817

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