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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

Accounting

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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