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What is the profit maximizing output

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Reference no: EM132519095

The table below shows the cost schedule of one of BUSHMAN'S suppliers.

All numbers in the table are in millions.

Quantity TVC MC AVC TFC TC AFC ATC

0 150
1 40
2 120
3 53.3
4 400
5 360

a) Complete the table by filling the missing cells.

b) If this firm is operating in an efficient market with the market price of $50m, what is the profit maximizing output?

Reference no: EM132519095

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