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Total Product Average Fixed Cost Average Variable Cost Average Total Cost Marginal Cost 1 $ 100.00 $ 1 7.00 $ 117.00 $ 17 2 50.00

Total Product Average Fixed Cost Average Variable Cost Average Total Cost Marginal Cost
1 $ 100.00 $ 1 7.00 $ 117.00 $ 17
2 50.00 16.00 66.00 15
3 33.33 15.00 48.33 13
4 25.00 14.25 39.25 12
5 20.00 14.00 34.00 13
6 16.67 14.00 30.67 14
7 14.29 15.71 30.00 26
8 12.50 17.50 30.00 30
9 11.11 19.44 30.55 35
10 10.00 21.60 31.60 41
11 9.09 24.00 33.09 48
12 8.33 26.67 35.00 56

The accompanying table gives cost data for a firm that is selling in a purely competitive market. If the market price for the firm's product is $42, the competitive firm should produce

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