Below are 4 perfect competition firmswho want to max their profits. Each row represents a separate firm. You have been hired as a consultant to assist them in doing so. Please advise them as to what decisions they should make to accomplish this by using the rules of marginal analysis for PC firms. See above for the due date for this assignment. Each row is worth 25 points for a total assignment value of 100 points.

1. Should the firm increase or decrease output, or leave output unchanged?How do you know?

2.Can the firm make a profit, earn a normal profit, minimize a loss, or should the firm shutdown? How do you know?

3. What happens to price if output changes?

Be sure to state reasons for your recommendations.

Price QTRTCP/LTVCATCAVCMC

4100400350+503003.535

10 20200500-300300251510

5010050005100-1003000 51 3090

251002500250002000252025