Business, 18.12.2019 23:31 EvankzGao

Refer to the data below representing possible output scenarios for a perfectly competitive producer. in order to maximize economic profit, how many units should this firm produce? output - total cost - marginal cost - average total cost - marginal revenue - total revenue 0 - $50 - na - na - na - $0 1 - $70 - $20 - $70.00 - $120 - $120 2 - $80 - $10 - $40.00 - $120 - $240 3 - $105 - $25 - $35.00 - $120 - $360 4 - $160 - $55 - $40.00 - $120 - $480 5 - $280 - $120 - $56.00 - $120 - $600 6 - $480 - $200 - $80.00 - $120 - $720

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Refer to the data below representing possible output scenarios for a perfectly competitive producer....