Assume that a firm in a perfectly competitive industry has the flowing total cost schedule the market price for the firms product is $150.

Assume that a firm in a perfectly competitive industry has the following total cost schedule. The market price for the firm's product is $150. Output variable Total FC (Units) TR MR Profit/Loss Costs Cost 0 1000 0 10 1000 1000 20 1000 1800 30 1000 3000 40 1000 4400 50 1000 6000 60 1000 7800 You must upload either a word document or an Excel file. A. Complete the table. B. At what output rate does the firm maximize profit or minimize loss? C. What is the firm's marginal revenue at each positive level of output? D. What can you say about the relationship between marginal revenue and marginal cost for output rates below the profit- maximizing (or loss-minimizing) rate? For output rates above the profit-maximizing (or loss-minimizing) rate