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Complete the table and use the information to determine profit maximization or loss minimization.

1. Complete the table

Q	P	TR	MR	TFC	TVC	TC	MC
0	120	0	-	20	0	20	-
1	110	110	110	20	50	70	50
2	100	200	90	20	85	105	35
3	90	270	70	20	125	145	40
4	80	320	50	20	170	190	45
5	75	375	55	20	225	245	55
6	70	420	45	20	295	315	70
7	50	350	-70	20	385	405	90

2. Profit maximization or loss minimization is at _____ units because ____________________________.
3. There is a profit/loss of ___________.

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M9522801

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