#30 econ class

Listen Firms A through G are small, perfectly competitive businesses located in perfectly competitive markets throughout the country. Each of the small firms A through G operates in its own perfectly competitive market. You are an undergraduate student doing economics research on whether small perfectly competitive businesses are maximizing their short run profits. You have requested and received data from each firm as shown in the table below with the understanding that you will let each firm know whether it is maximizing short run profits (or minimizing is short run losses). Unfortunately, the data are incomplete so you must first fill in the missing information. Complete each column, providing numerical values based on information provided by that firm (that is, use data within the column to calculate missing values). Do not leave any cells without numerical values and do not use data from one column (for example, column A) to fill in missing data in a different column. After completing the data, review it to answer the question below. Which firms, if any. should decrease their current output to maximize profits or minimize losses? Firm B E 50.50 Price 58.50 $3.00 $5-00 Output 300 I'R $500.00 | $300.00 $1800.90 54060 09 53090 00 5625.00 52625100 TFC $150.00 |51200.00 IVC 5300.00 5AGO DO ATC Minimum (Calculate the values Calculate the value MC 50.40 51.00 al Firms E and G only because their MC . P Ob) Firms B and D only because their TR