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TABLE 8-1 Revenue and Cost Data for a Perfectly Competitive Firm Daily Output Price Total Revenue TFC TVC TC Profit O $30 $0 V $0

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TABLE 8-1 Revenue and Cost Data for a Perfectly Competitive Firm Daily Output Price Total Revenue TFC TVC TC Profit O $30 $0 V $0 $40 -$40 $30 $30 $40 $12 W -$22 X $60 $40 Y $68 -$8 $30 $90 $40 $45 $85 Z Refer to Table 8-1. What is the AVC of producing three units of output? O $15 $32.66 $45 $50

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