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Homework answers / question archive / Complete the following table for a perfectly competitive firm: Instructions: Enter your responses rounded to two decimal places
Complete the following table for a perfectly competitive firm:
Instructions: Enter your responses rounded to two decimal places.
Output 
Total Cost 
Marginal Cost 
Average Total Cost 
Average Variable Cost 
0 
$100 
 
 
 
5 
110 



10 
130 



15 
170 



20 
220 



25 
290 



30 
380 



35 
490 



Instructions: Enter your response as a whole number. Indicate a negative response with a () negative sign.
(a) If the price is $10, how much output will the firm supply?
(b) How much profit or loss will it make?
(c) At what price will the firm shut down?
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