Use the following data to fill out the table; assume the market is competitive and the price is $30. How much do you want to produce? Why? Q TC VC FC MTC MR Total Profit 0 300 0         1 350 50         2 390 90         3 420 120         4 460 160         5 510 210         6       570 270

Essentials of Economics (MindTap Course List)
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Chapter4: The Market Forces Of Supply And Demand
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  1. 4. Use the following data to fill out the table; assume the market is competitive and the price is $30. How much do you want to produce? Why?

Q

TC

VC

FC

MTC

MR

Total Profit

0

300

0

       

1

350

50

       

2

390

90

       

3

420

120

       

4

460

160

       

5

510

210

       

6

      570

270

       
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