Question: Variable Output TVC TC AFC AVC ATC Marginal Cost 200 300 360 V a UAW NH 440 555 750 1100 Use the above table and

Variable Output TVC TC AFC AVC ATC Marginal Cost 200 300

Variable Output TVC TC AFC AVC ATC Marginal Cost 200 300 360 V a UAW NH 440 555 750 1100 Use the above table and assume fixed costs of $100 and selling price of $120 If an economist wants to max profit or minimize loss, how much is profit and output given the above data above? $240 profit at 2 units $360 profit at 3 units - 55 loss at 5 units at 6 units

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