- 1 Normal Body Text List Para... 1 No Spac... 1 Table P. Paragraph Styles Assignment...
- 1 Normal Body Text List Para... 1 No Spac... 1 Table P. Paragraph Styles Assignment VA Short Run Profit Maximization Calculate and fill in the vacant cells of the following columns that provide the short run profit maximization condition of a competitive firm using P=MC approach. Locate and explain how the optimal output maximizes the per unit profit (II). What happens to profit if output is below or above the optimal output level? P TR MR TC MC ATC Gross Profit -12.00 Per Unit Profit -12.00 2.00 17.00 LON- 17.00 | 18.50 19.50 20.75 22.25 24.25 27.50 32.50 40.50 52.50 8 5