{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-06-12T09:03:58-04:00", "answer_date": "2024-06-12 09:03:58", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "2783157", "url": "\/study-help\/questions\/total-cost-schedule-for-a-competitive-firm-output-total-cost-2783157", "question_creation_date_js": "2024-06-12T09:03:58-04:00", "question_creation_date": "Jun 12, 2024 09:03 AM", "meta_title": "[Solved] Total cost schedule for a competitive fir | SolutionInn", "meta_description": "Answer of - Total cost schedule for a competitive firm: Output Total Cost 0 $ 10 1 60 2 80 3 110 4 165 5 245 If market price is $6 | SolutionInn", "meta_keywords": "total,cost,schedule,competitive,firm,output,$,10,1,60,2,80", "question_title_h1": "Total cost schedule for a competitive firm: Output Total Cost 0 $ 10 1 60 2 80 3 110 4 165 5 245 If market", "question_title": "Total cost schedule for a competitive firm: Output Total Cost 0 $", "question_title_for_js_snippet": "Total cost schedule for a competitive firm Output Total Cost 0 $ 10 1 60 2 80 3 110 4 165 5 245 If market price is $60, what is the maximum profit the firm can earn Which answer is correct below Explain step by step a $10 b Zero profit, the firm shuts down c $75 d $80 e $85 Answer c", "question_description": "

<\/p>

Total cost schedule for a competitive firm:<\/p>

<\/p>

Output<\/td> Total Cost<\/td> <\/tr>
0<\/td> $ 10<\/td> <\/tr>
1<\/td> 60<\/td> <\/tr>
2<\/td> 80<\/td> <\/tr>
3<\/td> 110<\/td> <\/tr>
4<\/td> 165<\/td> <\/tr>
5<\/td>

245<\/p><\/td> <\/tr> <\/tbody><\/table><\/figure>

<\/p>

If market price is $60, what is the maximum profit the firm can earn? Which answer is correct below? Explain step by step<\/p>

a. -$10<\/p>

b. Zero profit, the firm shuts down<\/p>

c. $75<\/p>

d. $80<\/p>

e. $85<\/p>

Answer: c<\/p>", "transcribed_text": "", "related_book": { "title": "Accounting", "isbn": "176509739, 978-0176509736, 978-0176509743", "edition": "Volume 1, 2nd canadian Edition", "authors": "Carl warren, James Reeve, Jonathen Duchac, Sheila Elworthy, ", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/529.jpg", "uri": "\/textbooks\/accounting-volume-1-2nd-canadian-edition-529", "see_more_uri": "" }, "free_related_book": { "isbn": "1032049308", "uri": "\/textbooks\/an-introduction-to-applied-behavioral-neuroscience-biological-psychology-in-everyday-life-1st-edition-978-1032049304-372107", "name": "An Introduction To Applied Behavioral Neuroscience Biological Psychology In Everyday Life", "edition": "1st Edition" }, "question_posted": "2024-06-12 09:03:58", "see_more_questions_link": "\/study-help\/questions\/business-finance-2024-September-21", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/how-would-a-utilitarian-conservationist-approach-each-of-the-problems", "description": "How would a utilitarian conservationist approach each of the problems listed in question 6? 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