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please answer this question. (10 marks) The table shows the cost data for one of several identical firms in a constant cost perfectly competitive industry

please answer this question.

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(10 marks) The table shows the cost data for one of several identical firms in a constant cost perfectly competitive industry for product X. Fill in the table given the fixed cost is $ 100. Quantity of X Total Variable Total Fixed Total Average Average Average Total Marginal Fixed Cost Variable Cost Cost Cost Cost Cost Cost 100 100 In the short run, calculate the output and profit or loss for this typical firm for each of the following prices, 70 100 170 130 100 230 (i) Price = $55 2 180 100 280 240 100 340 310 100 410 395 100 495 (ii) Price = $85 500 100 600 8 625 100 725 790 100 890 (iii) Price = $115 (iv) Price = $145

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