Output Total Revenue ($) Total Variable Cost ($) Total Fixed Costs 1 1,000 750 500 2 2,000 1,250 500 3 3,000 2,000 500 4 4,000 3,000 500 5 5,000 4,500 500   What is the slope of the total revenue curve? At about how many computers per day do economic profits seem to be at a maximum? Graph the economic model of this firm.

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A: Short run average cost curves are shown.

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A: Answer -

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Q: Using graph, explain when the firm maximizes its profit under perfect completion?

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A: Optimal production level is achieved at the point where profit is maximized .Profit = TR - TC