Homework Answers
Answer
Option D
Profit=TR-TC
the profit is maximum when the TR and TC distance is highest and
TR>TC
so it is maximum at Q2 units
===
the breakeven is at Q0 and Q4 where TR=TC
=====
the firm makes a loss at Q<Q0 and Q>Q4
as the TC>TR
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uestion 36 (1 point) The accompanying table represents the quantity produced, the total revenue, and the total cost of a firm operating in a perfectly competitive market. Refer to this table to answer the following questions. Quantity Total Revenue Total Cost $0 $5 $10 $15 $20 $3 $5 $9 $13 Profits are maximized when producing units). o (zero) 2 3 4
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These 3 questions please！
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