Given the data in the table below for a perfectly competitive firm, calculate the missing values for MC MR and find the profit maximizing level of output Output (units) Total Cost Marginal Cost Total Revenue Marginal Revenue 100 301 5 300 114 335 1 342 128 362 4 384 142 404 4 426 156 467 4 468 What is the profit maximizing level of output (Take the mid point )

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Question: Given the data in the table below for a perfectly competitive firm, calculate the missing values for MC & MR and find the profit maximizing

Given the data in the table below for a perfectly competitive firm, calculate the missing values for MC & MR and find the profit maximizing level of output:

Output (units)	Total Cost	Marginal Cost	Total Revenue	Marginal Revenue
100	301.5		300

114	335.1		342

128	362.4		384

142	404.4		426

156	467.4		468

What is the profit maximizing level of output (Take the mid-point ) =

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