The following table shows cost data for a perfectly competitive firm. Output Average Fixed Cost Average Variable Cost Average Total Cost Marginal Cost1 $400 $100 $500 $1002 200 90 290 803 133 80 213 604 100 70 170 405 80 80 160 1206 67 90 157 1407 57 102 159 1748 50 116 166 2149 44 130 174 24210 40 150 190 330  If the market price for the firm's product is $174, the firm will produceMultiple Choice7 units and earn economic profits of $104.9 units and earn economic profits of $104.7 units and earn economic profits of $64.9 units and earn economic profits of -$4.

The following table shows cost data for a perfectly competitive firm. Output Average Fixed Cost Average Variable Cost Average Total Cost Marginal Cost1 $400 $100 $500 $1002 200 90 290 803 133 80 213 604 100 70 170 405 80 80 160 1206 67 90 157 1407 57 102 159 1748 50 116 166 2149 44 130 174 24210 40 150 190 330  If the market price for the firm's product is $174, the firm will produceMultiple Choice7 units and earn economic profits of $104.9 units and earn economic profits of $104.7 units and earn economic profits of $64.9 units and earn economic profits of -$4.

The figure below shows the marginal cost and average total cost curves for a perfectly competitive firm. If the market price is $10, thenSelected answer will be automatically saved. For keyboard navigation, press up/down arrow keys to select an answer.amarginal cost always equals marginal revenue for each unit sold.bthe firm earns $10 profit on each unit sold.cmarginal revenue equals $10.dthe firm earns $8 profit on each unit sold.

Use the following table to answer the next question.  The table shows the total costs associated with varying levels of output produced by a perfectly competitive firm. Output Total Cost0 $1,4001 1,6002 2,0003 2,6004 3,5005 4,800 If the product sells for $800 a unit, the firm's profit-maximizing output isMultiple Choice2.3.4.

If you know that when a firm produces 10 units of output, total cost is $1,030 and average fixed cost is $10, then total variable cost isMultiple Choice$104.$930.$1,040.$1,130.

The financial information of the company is as follows:Sales units: 200Price per unit: $30Fixed cost: $400Variable cost per unit: $20What would be the profit if 400 and 500 units are sold? Create a data table for the same.Options :$2,000 and $3,500$3,600 and $4,600$2,500 and $3,200$4000 and $6,500