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WCTC Economics Production and Market Structures. 6. Complete the following table for a perfectly competitive firm. Price = $7 AFC AVC ATC Profit Q TR

WCTC Economics Production and Market Structures.

6. Complete the following table for a perfectly competitive firm. Price = $7 AFC AVC ATC Profit Q TR MR TC MC TFC TVC 0 0 - $4 - 4 0 - 1 7 7 4 2 14 7 4 3 21 4567 28 35 42 7 49 8 56 NNNNNN 7 4 7 4 7 4 7 4 7 4 7 4 -

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