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The chart below depicts revenues and costs for a fim in perfect competition Quantity Mkt PMR MC TR TC G 14 1 2 3 4

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The chart below depicts revenues and costs for a fim in perfect competition Quantity Mkt PMR MC TR TC G 14 1 2 3 4 5 6 7 8 9 10 14 14 14 14 14 14 14 14 14 6 4 14 20 27 41 66 87 115 170 Profi Fill in the chart Also what is your favorite fruit and what is your favorite vegetable b In what two ways can the firm in perfect competition behave so as to maximize it profit c Draw these two ideas as two separate graphs property and fully labeling your work Demonstrate the optimal quantity in both graphs

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