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Explain how to arrive at that conclusion

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Reference no: EM13201223

the formula for AFC, AVC, ATC, MC, TR, MR

The market price faced by this firm is $6.00 per widget.

a. Fill in the formula for AFC, AVC, ATC, MC, TR, MR, and Total Profit

b. Fill in the missing values for TFC, TVC, AFC, AVC, ATC, MC, TR, MR,

Total Profit Output 0 10 20 30 40 50 60 70 80 90 100

Total Fixed Cost

Total Variable Cost

Total Cost $100 150 180 200 240 300 375 475 600 750 1,000

Average Fixed Cost

Average Variable Cost Average Total Cost

Marginal Cost

Total Revenue

Marginal Revenue

Total Profit

c. Determine the profit maximizing level of output. Explain how you arrived at that conclusion.

Reference no: EM13201223

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