Graphical interpretation of market structure 6.2

I- The table below shows the amount of production, the total income and the total cost of a company in its production process.

Production Quantities Total Income Total Cost

0 0 27.23

1 36 55.69

2 72 81.68

3 108 105.19

4 144 123.75

5 180 141.08

6 216 155.93

7 252 174.49

8 288 198.00

9 324 226.46

10 360 259.88

11 396 303.19

12 432 371.25

13 468 445.50

14 504 536.25

15 540 605.00

Instructions:

a) Using the Excel program, make a graph that represents the total income and total cost.

b) Determine the level of economic profit or loss for each level of production.

c) Identify the point where profit is maximized.

d) Identify to which of the four market structures studied this example belongs. Explain your answer in a paragraph of at least five sentences.