what is debit

Using the table, Q (output) TC 0 10 1 14 2 22 3 34 4 50 5 70 6 94 7 122 (NOTE: should use the rule of profit maximization / do not need to draw graph) 8. With the market price ($12), determine how much the competitive firm produces. 9. Calculate the competitive firm's total profit at the price and output level in #8. 10. With the market price (820), determine how much the competitive firm produces. 11. Calculate the competitive firm's total profit at the price and output level in #10. 12. Using (#8 - #11), determine if price and output are directly or indirectly related