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Assume that the following cost data are for a purely competitive producer Total Product Average Fixed l Average Average Total Marginal cost 0 na 0.00

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Assume that the following cost data are for a purely competitive producer Total Product Average Fixed l Average Average Total Marginal cost 0 na 0.00 5 0.00 na 1 60.00 s 45.000 105.00 s 45.00 2 30.00 42.50 72.50 S 40.00 3 20.00 40.00 60.00 s 35.00 4 S 15.00 s 37.50 52.50 30.00 5 12.00 37.00 49.00 s 35.000 6 S 47.50 10.00 37.50 40.00 7 8.57 47.14 38.57 45.00 8 750 40.63 S 48.13 55.00 9 6.67 43.33 50.00 65.00 46.50 6.00 75.00 52.50

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