4) For a perfectly competitive firm, profit maximization occurs when output is such that A) total revenue (TR) is maximized. B) total cost (TC) is minimized. C) marginal revenue (MR) marginal cost (MC). D) average total cost (ATC) is minimized. E) total revenue (TR) equals total cost (TC). Quantity (bushels of Total revenue Total cost rutabagas) (dollars) (dollars) 0 12 1 10 22 2 20 28 3 30 30 4 40 31 5 50 34 6 60 45 7 59 8 80 NO 5) The above table has the total revenue and total cost schedule for Omar, a perfectly competitive grower of rutabagas. When Omar produces 2 bushels of rutabagas, his total profit equals A) SO. B) $20 C) $28. D)-$8. E) S48 6) The above table has the total revenue and total cost schedule for Omar, a perfectly competitive grower of rutabagas. Omar's total profit is maximized when he produces bushels of rutabagas. B) 5 C) 6 D) 8 E) 7 7) The above table has the total revenue and total cost schedule for Omar, a perfectly competitive grower of rutabagas. When Omar maximizes his profit, Omar's profit equals A) $80 B) $11. C) $30. D) $16. E) $105. A) 3 IF Eted States) Foru