please read the question as i have uploauded a question with the same table but different question thank you TABLE 8-1Revenue and Cost Data for a Perfectly Competitive FirmDaily OutputPriceTotal RevenueTFCTVCTCProfit0.$30$0V$40-$401$30$30$40$12W-$22$60$40Y$68-$8$30$90$40$45$85Refer to Table 8-1. What is the value of the variable W?SO$40$52(O $54%243.

Total fixed costs are the amount of all predictable, non-variable costs an organization should pay.

Answered: please read the question as i have…

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Economics

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

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

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

thank you

TABLE 8-1
Revenue and Cost Data for a Perfectly Competitive Firm
Daily Output
Price
Total Revenue
TFC
TVC
TC
Profit
0.
$30
$0
V
$40
-$40
1
$30
$30
$40
$12
W
-$22
$60
$40
Y
$68
-$8
$30
$90
$40
$45
$85
Refer to Table 8-1. What is the value of the variable W?
SO
$40
$52
(O $54
%24
3.

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