5. Study Questions and Problems #5 Consider the following cost data for a perfectly competitive rm in the short run. Assume the market price is $150, and ll in the remaining cells of the table. Total Fixed Cost (TFC) Total Variable Cost (TVC) Total Cost (TC) Total Revenue (TR) Profit Output (Q) (Dollars) (Dollars) (Dollars) (Dollars) (Dollars) 1 100.00 120.00 2 100.00 200.00 3 100.00 290.00 4 100.00 430.00 5 100.00 590.00 The firm produces units of output in order to maximize prot in the short run and earns 58 of economic profit. True or False: The rm breaks even when it produces 2 units of output. A True A False