The following table shows cost data for a perfectly competitive firm. Output 1 2 3 4 5 תוס 6 7 8 9 10 Average Fixed Average Variable Average Total Cost Cost $500 250 167 125 100 83 71 Multiple Choice O units. 5 units. 8 units. 9 units. 63 56 50 Show Transcribed Text Cost $120 108 97 88 81 78 If the product price is $105, the profit-maximizing output is 78 81 87 96 $620 358 263 213 181 161 149 144 143 146 Marginal Cost $120 95 75 60 55 60 80 105 135 170

Total Product 1 2 3 4 5 6 7 8 9 10 Average Fixed Cost $ 150.00 75.00 50.00 37.50 30.00 25.00 21.43 18.75 16.67 15.00 Multiple Choice The accompanying table gives cost data for a firm that is selling in a purely competitive market. If the market price for this firm's product is $68.10, it will produce 8 units at an economic profit of zero. 6 units at a loss of $90. Average Variable Cost $ 25.00 23.00 20.00 21.00 23.00 25.00 28.00 33.00 39.00 48.00 9 units at an economic profit of $281.97. 8 units at an economic profit of $130.72. Multiple Choice 6 units at a loss of $150. 6 units at a loss of $90. The accompanying table gives cost data for a firm that is selling in a purely competitive market. If the market price for this firm's product is $35, it will produce Average Total Cost $ 175.00 98.00 70.00 58.50 53.00 50.00 49.43 51.76 55.67 63.00 9 units at an economic profit of $281.97. Marginal Cost $25.00 21.00 14.00 24.00 31.00 35.00 46.01 68.07 86.95 128.97 8 units at an economic profit…

help please answer in text form with proper workings and explanation for each and every part and steps with concept and introduction no AI no copy paste remember answer must be in proper format with all working

1: 2 (N 2: 4 > 3: sa 4: 5: 6 8 10 ✓ 6: Question 16 Listen Figure 12-2 $60 $45 $40 $30 $10 200 Marginal Cost Average Total Cost 450 800 650 Refer to Figure 12-2. If the market price equals $45, the maximum profit that the firm can earn is: approximately $29,250. approximately $19,500. approximately $9,750. zero dollars. Average Variable Cost