Question: Considerthefollowingcostdataforacompetitivefirmintheshort run: Output (Q) Total fixed cost (TFC) $100 100 100 100 100 Total variable cost (TVC) $120 200 290 430 590 Marginal cost (MC)

Output (Q) Total fixed cost (TFC) $100 100 100 100 100 Total

Considerthefollowingcostdataforacompetitivefirmintheshort run:

variable cost (TVC) $120 200 290 430 590 Marginal cost (MC) Marginal

Output (Q) Total fixed cost (TFC) $100 100 100 100 100 Total variable cost (TVC) $120 200 290 430 590 Marginal cost (MC) Marginal revenue (MR)

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