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A firm operating in the conditions of perfect competition is producing a daily output such that its total revenue is $36000. That output is the

A firm operating in the conditions of perfect competition is producing a daily output such that its total revenue is $36000. That output is the profit-maximizing output. The firm’s average cost is $12, its marginal cost is $18, and its average fixed cost is $8. What is the profit the firm is making at this output? What are its total variable costs TVC?

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