Question 40 (2 points) Listen Suppose a firm in perfectly competitive market is in the following conditions: Average total cost = $34 Average variable cost =$27 Marginal cost =$33 Marginal revenue = $33 Quantity = 98 What is the profit/loss for the firm? (Hint: use the negative sign to indicate loss. for example, a loss of $5.00 should be entered as -5.00) Your Answer: AnswerQuestion 39 (2 points) Listen Referring to the following table for the question Taxable Income Marginal Tax rate 0 - $10,000 10% $10,000 - $30,000 15% over $30,000 20% How much is the total tax bill if the taxable income is $48,600? Your Answer: Answer16 Question 38 (2 points) Listen 39 Referring to the following table for the question Taxable Income Marginal Tax rate 42 0 - $10,000 10% $10,000 - $30,000 15% 45 over $30,000 20% How much is the total tax bill if the taxable income is $17,800? 48 Your