Revenue and Costs ($)TCP61GivenTFC = $40.00Q1 = 30.00Q2 = 40.00TRP6P5Q3 = 50.00Q4 = 80.00Q5 = 86.00P4.P1 = $40.00P2 = $50.00P3 = $60.0oP4 = $150.00P5 = $200.00P6 = $210.00P61 = $320.00P3P2P1Q1 Q2Q4 Q5Q3Exhibit TR-TCOutput (Q)Refer to Exhibit TR-TC for a typical competitive firm. At an output level of Q5, the firm'slosses is aboutO $100.00O $90.00O $110.00O $120.00

At Q5, Q=Q5=86TR=P6=210TC=P61=320

Revenue and Costs ($) TC Given TFC = $40.00 Q1 = 30.00 Q2 = 40.00 Q3 = 50.00 Q4 =80.00 Q5 =86.00 P1 = $40.00 P2 = $50.00 P3 = $60.00o P4 = $150.00 P5 = $200.00 P6 = $210.00 P61 = $320.00 P61 TR P6 P5 P4 P3 P2 P1 Q1 Q2 Q4 Q5 Q3 Exhibit TR-TC Output (Q) Refer to Exhibit TR-TC for a typical competitive fırm. At an output level of Q5, the firm's losses is about O $100.00 O $90.00 O $110.00 O $120.00

Revenue and Costs ($) TC Given TFC = $40.00 Q1 = 30.00 Q2 = 40.00 Q3 = 50.00 Q4 =80.00 Q5 =86.00 P1 = $40.00 P2 = $50.00 P3 = $60.00o P4 = $150.00 P5 = $200.00 P6 = $210.00 P61 = $320.00 P61 TR P6 P5 P4 P3 P2 P1 Q1 Q2 Q4 Q5 Q3 Exhibit TR-TC Output (Q) Refer to Exhibit TR-TC for a typical competitive fırm. At an output level of Q5, the firm's losses is about O $100.00 O $90.00 O $110.00 O $120.00

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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