Consider a firm operating in a competitive market in the short run. The table below shows the firm’s total cost of production at various output levels. At a market price of $10, how many units of output should the firm supply? Output (q) FC ($) VC ($)0 10 01 10 22 10 63 10 104 10 155 10 216 10 307 10 40

Given the data in the table below, what is the short-run profit-maximizing level of output for the perfectly competitive firm? Output Total Revenue Total Cost1 $4 $22 8 33 12 64 16 105 20 15Multiple Choice2 units3 units4 units5 units

Use the following table to answer the next question.  The table shows the total costs associated with varying levels of output produced by a perfectly competitive firm. Output Total Cost0 $1,4001 1,6002 2,0003 2,6004 3,5005 4,800 If the product sells for $800 a unit, the firm's profit-maximizing output isMultiple Choice2.3.4.

Table 7.1QuantityTotal Cost(dollars)Variable Cost(dollars)    0$1000    $0100  1360  360200  1560  560300  1960  960400  27601760500  40003000600  58004800 Table 7.1 shows the short-run cost data of a perfectly competitive firm that produces plastic camera cases. Assume that output can only be increased in batches of 100 units.Refer to Table 7.1. Suppose the fixed cost of production rises by $500 and the price per unit is still $8. What happens to the firm’s profit-maximising output level?Group of answer choicesIt must fall.It must rise to offset the increased cost.It will remain the same.The firm will shut down.

Refer to Scenario 15.5. Suppose there are 100 firms each with a short run total cost of TC = q2 + q + 4, so that marginal cost is MC = 2q +1. If market demand is given by QD = 1050 − 50P, how much will be produced in the market ( Call this Q)?  and what profit will each firm make?Group of answer choicesQ=300, Profit = $25Q=400, Profit = $15Q=500, Profit = $21Q=600, Profit = $50

Suppose there are 100 firms each with a short run total cost of STC = q2 + q + 10, so that marginal cost is MC = 2q +1. If market demand is given by QD = 1050 - 50P, profit to the firm will beQuestion 3Select one:a.5.b.6.c.15.d.9.