(Answered) You are hired as a general manager to a firm in a perfectly

Management Studies

You are hired as a general manager to a firm in a perfectly competitive market that sells Product X at a market price of $30 each. The firm's cost scheduled is as follows:

Quantity	Price	TR	TC	Profit	MR	MC	FC	VC	ATC	AVC
0			10
1			25
2			45
3			70
4			100
5			135
6			175

Fill in the above table.

Based on your answer in a), what is the firm's profit maximizing level of output?

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