a perfectly competitive firm has the following fixed and variable costs inthe sh

Question

a perfectly competitive firm has the following fixed and variable costs inthe short run. Market price for the firm's product is $150.00.
Output 0, FC $100, VC $0, TC __?, TR __? Profit /Loss __?
output 1, $100, VC $100, TC __? TR __?, Profit/loss__?
output 2, $100, VC $180, TC__?, TR__?, Profit/loss__?
output 3, $100, VC $300, TC __?, TR__?, Profit/loss__?
output 4, $100, VC $440, TC__?, TR__?, Profit/loss__?
output 5, $100, VC $600, TC__?, TR__?, profit/loss__?
output 6, $100, VC $780, TC__?, TR__?, profit/loss__?

Explanation / Answer

TC=VC+FC TR=output*150 profit=TR-TC 100 , 000 , -100 200 , 150 , -50 280 , 300 , 20 400 , 450 , 50 540 , 600 , 60 700 , 750 , 50 880 , 900 , 20 if there is a format problem, here is excel file https://dl.dropbox.com/u/83216089/asol/short-run-profit-max.xls

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