Question: Use the following table to answer the next question. Average Fixed Average Variable Average Total Marginal Output Cost Cost Cost Cost 1 $300 $100 $400

Use the following table to answer the next question. Average Fixed Average Variable Average Total Marginal Output Cost Cost Cost Cost 1 $300 $100 $400 $100 2 150 75 225 50 W 100 70 170 60 4 75 73 148 80 60 80 140 110 50 90 140 140 43 103 146 180 8 38 119 156 230 9 33 138 171 290 10 30 160 190 360 The table shows cost data for a perfectly competitive firm. If the market price for the firm's product is $80, the firm will

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