put TFC 0 1 2 3 4 5 6 7 8 9 10 150 TVC TC AVC 0 40 100 180 280 400 560 760 1000 1300 1850 The above problem traces the relationship between firm decisions, market supply, and narket equilibrium in a perfectly competitive market. Complete table 1 for a firm in the short-run. Price ATC Using the information in the table 1, fill the following supply schedule for this individual firm under perfect competitive and indicate profit at each output level. 40 70 110 140 180 220 260 400 MC Quantity Profit Supplied

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