ments Total Total Quantity Total Cost Variable AVC MC MR Cost Revenue Profit/Loss O 50 O 10 70 20 20 80 30 30 90 40 40 110 60 50 140 90 60 200 150 70 280 230 80 400 350 The table above shows the short-run cost data of a perfectly competitive firm that grows corn. A. If the market price of each bushel of corn is $3, fill the empty cells. [To insert a table choose: Insert> >Table] (13 marks, 0.3 mark for each cell) B. What is the fixed cost of production? (1 mark) C. If the market price of each bushel of corn is $3, what is the profit-maximizing quantity? (1 mark) D. If the market price of each bushel of corn is $3, what is the firm's total revenue at the profit JAN 4 A W