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Answer the remaining three questions on the basis of the information below . A profit-maximizing firm in a perfectly competitive market operates in the short

Answer the remaining three questions on the basis of the information below.

A profit-maximizing firm in a perfectly competitive market operates in the short run with total fixed costs of $6,500.00 and total variable costs (TVC) as is below. The firm can only produce integer amounts of output (Q)

Q

TVC

0

0.00

1

8,000.00

2

15,000.00

3

20,000.00

4

23,000.00

5

25,000.00

6

29,000.00

7

33,500.00

8

39,000.00

9

46,000.00

10

53,500.00

11

61,200.00

12

72,000.00

______ 5. (2.5 pts.) How much output should the firm produce if it can sell all the output it produces at a price of $4,650 per unit?

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