Revenue and Cost Data for a Perfectly Competitive Firm Daily Output Price Total Revenue TFC TVC TC Profit 0. $30 $0 V $0 $40 -$40 $30 $30 $40 $12 W -$22 $60 $40 Y $68 -$8 3. $30 $90 $40 $45 $85 Refer to Table 8-1. What is the value of the variable Z? -$45 -$48 $0 $5

Revenue and Cost Data for a Perfectly Competitive Firm Daily Output Price Total Revenue TFC TVC TC Profit 0. $30 $0 V $0 $40 -$40 $30 $30 $40 $12 W -$22 $60 $40 Y $68 -$8 3. $30 $90 $40 $45 $85 Refer to Table 8-1. What is the value of the variable Z? -$45 -$48 $0 $5

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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TABLE 8-1
Revenue and Cost Data for a Perfectly Competitive Firm
Daily Output
Price
Total Revenue
TFC TVC
TC
Profit
$30
$0
V
$0
$40
-$40
$30
$30
$40
$12
W
-%2422
$60
$40
Y
$68
-$8
$30
$90
$40
$45
$85
Refer to Table 8-1. What is the value of the variable Z?
-$45
-$8
O so
$45
2.
3.

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