Homework SourseA Moving to another q Question s Refer to Table 1 in the ima
A Moving to another q Question s Refer to Table 1 in the image file. If market price is $AS $45 $35 O $10. , in the short nun the 0. Moving to another question will save this response. I avies Table 1 Output TVC TC AFC AVC ATC MC 40 2 90 110 135 170 220 4 PIC-COLLAGE
Solution
Output
TVC
TFC
TC
AFC
AVC
ATC
MC
AR
TR
Total Profit
Profit Per
Unit
0
0
40
40
-
-
-
-
-
-
-
-
1
55
40
95
40
55
95
55
45
45
-50
-50
2
75
40
115
20
37.5
57.5
20
45
90
-25
-12.5
3
90
40
130
13.33
30
43.33
15
45
135
5
1.667
4
110
40
150
10
27.5
37.5
20
45
180
30
7.5
5
135
40
175
8
27
35
25
45
225
50
10
6
170
40
210
6.667
28.33
35
35
45
270
60
10
7
220
40
260
5.714
31.43
37.14
50
45
315
55
7.857
8
290
40
330
5
36.25
41.25
70
45
360
30
3.75
If the market price is 45, in the short run competitive firm’s unit profit will be
Answer – C. $10
| Output | TVC | TFC | TC | AFC | AVC | ATC | MC | AR | TR | Total Profit | Profit Per |
| 0 | 0 | 40 | 40 | - | - | - | - | - | - | - | - |
| 1 | 55 | 40 | 95 | 40 | 55 | 95 | 55 | 45 | 45 | -50 | -50 |
| 2 | 75 | 40 | 115 | 20 | 37.5 | 57.5 | 20 | 45 | 90 | -25 | -12.5 |
| 3 | 90 | 40 | 130 | 13.33 | 30 | 43.33 | 15 | 45 | 135 | 5 | 1.667 |
| 4 | 110 | 40 | 150 | 10 | 27.5 | 37.5 | 20 | 45 | 180 | 30 | 7.5 |
| 5 | 135 | 40 | 175 | 8 | 27 | 35 | 25 | 45 | 225 | 50 | 10 |
| 6 | 170 | 40 | 210 | 6.667 | 28.33 | 35 | 35 | 45 | 270 | 60 | 10 |
| 7 | 220 | 40 | 260 | 5.714 | 31.43 | 37.14 | 50 | 45 | 315 | 55 | 7.857 |
| 8 | 290 | 40 | 330 | 5 | 36.25 | 41.25 | 70 | 45 | 360 | 30 | 3.75 |
