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3) The following data apply to a rm in a perfectly competitive market. Quantity Total Cost Marginal Cost 0 46 1 76 2 96 3

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3) The following data apply to a rm in a perfectly competitive market. Quantity Total Cost Marginal Cost 0 46 1 76 2 96 3 104 4 1 10 5 130 6 160 7 196 8 236 9 286 a) Complete the table. b) Find the prot-maximizing level of output and calculate the rm's total prot when the price is $40

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