In which market structure does Johnson Electronics (Pty) Ltd operate? Provide areason for your answer and what level of output maximizes the firm’s profit? Provide the reason for youransweroutputpricetotal revenueaverage costtotal costmargnial cost profit/ loss1010.0010020.802080-1082010.0020012.402484.00-483010.003009.902975.0034010.004009.003606.20405010.005008.804408.00606010.006009.0054010.0060

"Market structure depicts how firms are differentiated from each other based o the type of…

Answered: In which market structure does Johnson…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

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In which market structure does Johnson Electronics (Pty) Ltd operate? Provide a
reason for your answer and what level of output maximizes the firm’s profit? Provide the reason for your
answer

output	price	total revenue	average cost	total cost	margnial cost	profit/ loss
10	10.00	100	20.80	208	0	-108
20	10.00	200	12.40	248	4.00	-48
30	10.00	300	9.90	297	5.00	3
40	10.00	400	9.00	360	6.20	40
50	10.00	500	8.80	440	8.00	60
60	10.00	600	9.00	540	10.00	60

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