Ims.virtualhighschool.com C + 88 Production Under Perfect.. Assignment: Profit Maxi... Course Hero *30383190 1,280x865 pi.. Profit Maximization Tabl... A4 Profit-Maximization U. Start Page Assignment: Profit Maximization Under Perfect Competition The Output, Revenue and Cost data in the table below applies to a hypothetical market gardening firm supplying produce to a local Farmer's Market. Profit-Maximization Table for a Market Gardener P ($ per Q (kg per MR ($ per MC ($ per AC ($ per Profit/Loss kg) month) TR ($) TC ($ ) kg) kg) kg) ($) 0 $0 $18 -$18 $0.48 $0.23 $0.48 100 $48 $41 $0.41 $7.00 $ $ 200 $96 $57 $ EA $ $ 300 $144 $77 $ $ $ 400 $192 $106 $ $ED V 0 B|ms.virtua|highschool.com (L (9 fl] + 33 6 Production Under Perfec... 6 Assignment: Profit Maxi... _ _ ' Course Hero . 303831901,280x865 pi... 5 Profit Maximization Tabl... . A4 Profit-Maximization U... docs.google.com C + 88 Production Under Perfec Assignment: Profit Maxi... Course Hero *30383190 1,280x865 pi... Profit Maximization Tabl... Homework Help - Q&A fr.. Start Page Profit Maximization Table for a Market Gardener Share N File Edit View Insert Format Tools Add-ons Help Last edit was 4 minutes ago n a $ A 7 100% Normal text Arial - 11.5 + B I U A . G P . SEE EX E EEX 31 2 1 1 1 1 1 16 1 Profit Maximization Table for a Market Gardener P ($ per Q (kg per | TR ($) TC ($) MR ($ MC ($ AC ($ Profit/Loss kg month) per kg) per kg) per kg) ($) 0.48 O 0 18 -18 0.48 100 48 41 .48 0.23 0.41 7 0.48 200 96 57 0.48 0. 16 0.285 39 0.48 300 144 77 0.48 0.2 0.256667 67 0.48 400 192 106 .48 0.29 0.265 86 0.48 500 240 145 0.48 0.39 .29 95 + 0.48 600 28 199 0.48 0.54 0.331667 89 0.48 700 336 294 0.48 0.95 0.42 42 0.48 800 384 501 0.48 2.07 0.62625 -117 2. A perfectly competitive market can be described as a market structure where there are no barriers and both the producers and the consumers have the same information concerning the market. Perfectly competitive businesses have no market power and they are price takers. This is shown since the costs and profits vary with MC and MR. +> docs.google.com C + 88 Production Under Perfec Assignment: Profit Maxi... Course Hero *30383190 1,280x865 pi... Profit Maximization Tabl... Homework Help - Q&A fr.. Start Page Profit Maximization Table for a Market Gardener Share File Edit View Insert Format Tools Add-ons Help N Last edit was 4 minutes ago n A 7 100% Normal text Arial - 11.5 + BIU A CH MY 31 1 1 12 3. From the table . at Q= 500 kg a month TR-TC (from table ) Profit/loss=TR-TC 240- 145 95$ MR- MC method HC is greater than MR at sookg O.SH - 0.48 = 0-064 + at Q= 700 kg / months TR-TC method Profit/loss= TR-TC = 366-294 = 72$ MR-MC Heliod HC is greater them MR at 700 kg , 2.074- 0.48+ = 1.sqf +> docs.google.com C + 88 Production Under Perfec Assignment: Profit Maxi... Course Hero *30383190 1,280x865 pi... Profit Maximization Tabl... Homework Help - Q&A fr... Start Page Profit Maximization Table for a Market Gardener File Edit View Insert Format Tools Add-ons Help Share Last edit was 4 minutes ago N n A 7 100% Normal text Arial - 11.5 + B I U A . G P O BEEN B E EEX 31 101 1 17 1 181 1 121 1 1 $1.45 AC MC MR MC Profit $0.50 MR $0.40 Costs and Revenue $0.30 $0.20 $0.10 100 200 300 400 500 600 700 800 kg kg kg kg kg kg kg kg + Output TR TC Total Costs Total $240 $145 Profits: $95 +