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Experience:  Inner-city high school substitute teacher. Degrees in mathemetics, accounting, and education. Years and years of tutoring.
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# You are operating a firm in a perfectly competitive market.

### Resolved Question:

You are operating a firm in a perfectly competitive market. In the short run, you have fixed costs of \$30. Your variable costs are given in the following table:
Q TVC
0 0
1 100
2 150
3 180
4 220
5 300
6 390

Complete the following table:
Market Price Profit maximizing level of output Profit

\$52 ? ?
\$60 ? ?
\$70 ? ?
\$85 ? ?
Submitted: 3 years ago.
Category: Homework
Expert:  Ray Atkinson replied 3 years ago.
Would it be possible for you to post this as a file? I want to make sure I am reading the table properly.
Customer: replied 3 years ago.
Sorry i can't.And i just wanna know Profit maximizing level of output and Profit.
Expert:  Ray Atkinson replied 3 years ago.
What are the columns in order, please?
Customer: replied 3 years ago.
Market Price Profit maximizing level of output Profit
\$52 ? ? ??
\$60 ? ? ??
\$70 ? ? ??
\$85 ?? ??
Customer: replied 3 years ago.
Market Price , Profit maximizing level of output , Profit
\$52 , ? ? , ??
\$60 , ? ? , ??
\$70 , ? ? , ??
\$85 , ?? , ??
Expert:  Ray Atkinson replied 3 years ago.

You need to spend \$3 to view this post. Add Funds to your account and buy credits.
Category: Homework
Satisfied Customers: 1889
Experience: Inner-city high school substitute teacher. Degrees in mathemetics, accounting, and education. Years and years of tutoring.
Customer: replied 3 years ago.

Hi Ray, are you online?

Customer: replied 3 years ago.

Hi Ray, i need your help.

Customer: replied 3 years ago.

Hi Ray, are you online now?

Expert:  Ray Atkinson replied 3 years ago.

Sorry, I was away. I cannot help you tonight, but if you post a question with my name on it Tuesday, I will be happy to look at it. Just put my name at the beginning of the question, and no one else will take it.

Customer: replied 3 years ago.

Sorry, i already posted a question online but no one answer me. It been a long time my question deadline is Tue 6 PM. From now still no one answer me, if you free on Tue please look my question named Economics Homework. I am very worried.

Expert:  Ray Atkinson replied 3 years ago.
I am very sorry, my friend. I am not authorized to answer questions in the business and finance category. Since this question I answered for you last year, they made that a separate category, and with the high number of experts applying for it, I was not one of the ones chosen.

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