You are given the following information about the costs of production for a firm.
Quantity
0
1
2
3
4
5
6

FC
90

VC
0

TC

AFC
------

AVC
------

ATC
------
MC
------

130
35
20
60
240
120

Complete the table above.

Suppose the firm operates in a perfectly competitive market. Based on the information in part A,
complete the following table:
Market Price
$28
$36
$88
$106
$140

Profit maximizing
level of output

Total
Revenue

Total Cost

Profit