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Please refer to the table below. The table below is for a perfectly competitive market model. The marginal cost and total profit columns were intentionally left out. Look at the Profit column. What is the profit value in X below?
Price
Quantity
Fixed Cost
Ave Fixed Cost
Variable Cost
Ave Variable Cost
Total Cost
Marginal Cost
Ave Total Cost
Total Revenue
Profit
$25.00
0
$30.00
$0.00
$0.00
$0.00
$30.00
$0.00
$25.00
1
$30.00
$30.00
$29.00
$29.00
$59.00
$59.00
$25.00
$25.00
2
$30.00
$15.00
$52.00
$26.00
$82.00
$41.00
$50.00
$25.00
3
$30.00
$10.00
$69.00
$23.00
$99.00
$33.00
$75.00
$25.00
4
$30.00
$7.50
$77.00
$19.25
$107.00
$26.75
$100.00
$25.00
5
$30.00
$6.00
$89.00
$17.80
$119.00
$23.80
$125.00
$25.00
6
$30.00
$5.00
$107.00
$17.83
$137.00
$22.83
$150.00
$25.00
7
$30.00
$4.29
$131.00
$18.71
$161.00
$23.00
$175.00
$25.00
8
$30.00
$3.75
$161.00
$20.13
$191.00
$23.88
$200.00
X
$25.00
9
$30.00
$3.33
$198.00
$22.00
$228.00
$25.33
$225.00
$25.00
10
$30.00
$3.00
$248.00
$24.80
$278.00
$27.80
$250.00
Group of answer choices
$6.00
$13.00
$14.00
$9.00

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