The table below shows Brody's total variable cost. He has a fixed cost of $240, and the price per trumpet is $60. -Calculate the average total cost of producing 6 trumpets. Show your work. -Calculate the marginal cost of producing the 11th trumpet. -What is Brody's profit-maximizing quantity? Use marginal analysis to explain your answer.
Brody's firm produces trumpets in a perfectly competitive market.
The table below shows Brody's total variable cost. He has a fixed cost of $240, and the price per trumpet is $60.
-Calculate the
-Calculate the marginal cost of producing the 11th trumpet.
-What is Brody's profit-maximizing quantity? Use marginal analysis to explain your answer.
-At the profit-maximizing quantity you determined in part (c), calculate Brody's profit or loss. Show your work.
-Brody also produces saxophones at a loss in a perfectly competitive market. Draw a correctly labeled graph for Brody's firm showing the following at a market price of $200.
-Brody's profit-maximizing quantity of saxophones
-Brody's loss, completely shaded
| Quantity | Total Variable cost |
| 6 | $120 |
| 7 | $145 |
| 8 | $165 |
| 9 | $220 |
| 10 | $290 |
| 11 | $390 |
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