3. Look at Table 8.13. What would happen to the firm's profits if the market price increases to $6 per pack ofraspberries?Quantity010203040506070Total Cost$62$90$110$126$144$166$192$224Fixed Cost$62$62$62$62$62$62$62$62Variable Cost$28$48$64$82$104$130$162Total Revenue$0$60$120$180$240$300$360$420Profit-$62-$30$10$54$96$134$168$196

Perfect competition:Under this market, a single price prevails in the market and the price is…

3. Look at Table 8.13. What would happen to the firm's profits if the market price increases to $6 per pack o raspberries? Quantity 0 10 20 30 40 50 60 Total Cost $62 $90 $110 $126 $144 $166 $192 Fixed Cost $62 $62 $62 $62 $62 $62 $62 Variable Cost $28 $48 $64 $82 $104 $130 Total Revenue $0 $60 $120 $180 $240 $300 $360 Profit -$62 -$30 $10 $54 $96 $134 $168

3. Look at Table 8.13. What would happen to the firm's profits if the market price increases to $6 per pack o raspberries? Quantity 0 10 20 30 40 50 60 Total Cost $62 $90 $110 $126 $144 $166 $192 Fixed Cost $62 $62 $62 $62 $62 $62 $62 Variable Cost $28 $48 $64 $82 $104 $130 Total Revenue $0 $60 $120 $180 $240 $300 $360 Profit -$62 -$30 $10 $54 $96 $134 $168

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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please read the question as i have uploauded a question with the same table but different question thank you
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