# microeconomics

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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

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