Consider a firm selling apples and the market forapples is perfectly competitive. The followingtable presents the costs of a firm.Use the given information to answer questions35 - 42.Q AFC AVC ATC MC TC1$300 $100 $400$100$4002 15075 225503 10070 17060475 72.5 147.58056080 140 11O|65090 140 140|Find the market price such that the firm'smaximized profit = $0Answer: The firm's maximized profit is $0 if themarket price = $.

Below is the calculation of TC.TC = ATC x QTC at 1 Qty. = $400TC at 2 Qty. = 225 × 2TC at 3 Qty. =…

Consider a firm selling apples and the market for apples is perfectly competitive. The following table presents the costs of a firm. Use the given information to answer questions 35 - 42. Q AFC AVС АTC MC ТC 1$300$100 $400|$100$400| 2 150 75 225 50 3 100 70 170 60 4 75 72.5147.5 80 5 60 80 140 110 6 50 90 140 140 Find the market price such that the firm's maximized profit = $0 %3D Answer: The firm's maximized profit is $0 if the market price = $_ %3D