Quantity	TFC	TVC
0	45	0
1	45	20
2	45	35
3	45	45
4	45	75
5	45	120
6	45	180

Flag question: Question 1Question 14 pts

Examine the table above, which gives information about the costs of a perfectly competitive firm. You are hired to determine the profit-maximizing quantity for the firm at different prices. For each price listed, you must find the output level, total revenue, total cost, and profit.

When the market price is P = $14,

What is the profit maximizing level of output?

What is total revenue at this level of output?

What is the total cost at this level of output?

What is the profit at this level of output?

Flag question: Question 2Question 24 pts

Examine the table above, which gives information about the costs of a perfectly competitive firm. You are hired to determine the profit-maximizing quantity for the firm at different prices. For each price listed, you must find the output level, total revenue, total cost, and profit.

When the market price is P = $18,

What is the profit maximizing level of output?

What is total revenue at this level of output?

What is the total cost at this level of output?

What is the profit at this level of output?

Flag question: Question 3Question 34 pts

Examine the table above, which gives information about the costs of a perfectly competitive firm. You are hired to determine the profit-maximizing quantity for the firm at different prices. For each price listed, you must find the output level, total revenue, total cost, and profit.

When the market price is P = $44,

What is the profit maximizing level of output?

What is total revenue at this level of output?

What is the total cost at this level of output?

What is the profit at this level of output?

Flag question: Question 4Question 44 pts

Examine the table above, which gives information about the costs of a perfectly competitive firm. You are hired to determine the profit-maximizing quantity for the firm at different prices. For each price listed, you must find the output level, total revenue, total cost, and profit.

When the market price is P = $53,

What is the profit maximizing level of output?

What is total revenue at this level of output?

What is the total cost at this level of output?

What is the profit at this level of output?

Flag question: Question 5Question 54 pts

Examine the table above, which gives information about the costs of a perfectly competitive firm. You are hired to determine the profit-maximizing quantity for the firm at different prices. For each price listed, you must find the output level, total revenue, total cost, and profit.

When the market price is P = $70,

What is the profit maximizing level of output?

What is total revenue at this level of output?

What is the total cost at this level of output?

What is the profit at this level of output?