How much is the total profit at equilibrium price =$30?

Table 4
Quantity (Q)	Marginal costs (MC)	Average variable costs (AVC)	Average costs (AC)
0
1	28.00	28.00	$68
2	20.00	24.00	$44
3	16.00	21.33	$35
4	14.00	19.50	$30
5	12.00	18.00	$26
6	17.83	17.83	$25
7	24.00	18.43	$24
8	30.00	19.88	$25
9	40.00	22.11	$27
10	54.00	25.30	$29

Answer rating: 100% (QA)

To find the total profit at equilibrium price 30 we need to identify the quantity at which marginal ... View the full answer