Show calculation

An organisation operates in a market where there is imperfect competition, so that to sell more units of output, it must reduce the sales price of all the units it sells. The following data is available for prices and costs. Total output Sales price per unit (AR) Average cost of output (AC) Units $ $ per unit 0 1 504 720 2 471 402 3 439 288 4 407 231 5 377 201 346 189 7 317 182 8 288 180 9 259 186 10 232 198 OOO OWNEO The total cost of zero output is $600. Required Complete the table below to determine the output level and price at which the organisation would maximise its profits, assuming that fractions of units cannot be made. Total Marginal Marginal Units Price revenue revenue Total cost cost Profit $ $ $ $ $ OOO OOONO 6 8 9 10