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Output AFC AVC ATC MC 1 $300 $100 $400 $100 2 150 75 225 50 3 100 70 170 60 4 75 73 148 80
Output | AFC | AVC | ATC | MC |
1 | $300 | $100 | $400 | $100 |
2 | 150 | 75 | 225 | 50 |
3 | 100 | 70 | 170 | 60 |
4 | 75 | 73 | 148 | 80 |
5 | 60 | 80 | 140 | 110 |
6 | 50 | 90 | 140 | 140 |
7 | 43 | 103 | 146 | 180 |
8 | 38 | 119 | 156 | 230 |
9 | 33 | 138 | 171 | 290 |
10 | 30 | 160 | 190 | 360 |
The accompanying table shows cost data for a firm that is selling in a purely competitive market. If the product price is $290, the per-unit economic profit at the profit-maximizing output is
$0. | ||
$119. | ||
$152. | ||
$76. |
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