Friday
August 29, 2014

Homework Help: microeconomics

Posted by Kathy on Sunday, October 30, 2011 at 2:40pm.

You are given the following information about the costs of a perfectly competitive firm.

QuantityTFC TVC
0 45 0
1 45 20
2 45 35
3 45 45
4 45 75
5 45 120
6 45 180


You are hired to determine the profit-maximizing quantity of the firm for different market prices. Complete the table below.

Market Price Profit-maximizing level of output Total Revenue Total cost
$14
$18
$44
$53
$70
how do I find prot maximizing level of output, tr, tc and profit?
Thanks Kathy

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

Microeconomics - Consider a competitive firm that produces tomatoes. The total ...
Economics - For the following characteristic say whether it describes a ...
economics - A monopoly firm is different from a competitive firm in that A. ...
Microeconomoics - 1. The Omnibus Corporation finds that its daily costs are $50 ...
microeconomics - A monopsonistic firm, as compares to a perfectly competitive ...
college, Microeconomics - (Daddy Warbucks employs workers in his perfectly ...
Microeconomics - 1. A perfectly competitive industry comprises of 35 competitive...
Economics - Short run profit maximization - Given the following for perfectly ...
Economics - For the following characteristic say whether it describes a ...
Microeconomics - The labor demand curve of a purely competitive seller: What ...

Search
Members