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  3. 0 1 2 3 4 5 6 variable input 0 1 2 3 4 0...

0 1 2 3 4 5 6 variable input 0 1 2 3 4 0...

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Accounting

0 1 2 3 4 5 6 variable input 0 1 2 3 4 0 100 200 280 340 370 390 1. Complete the above table. Output Total Marginal Fixed Average Total cost Cost Cost Cost Quantity 5 6 4 6 of Total Output Marginal Produuct Average product of of variable input variable input 10 16 26 40 60 Average Merginal Revenue Revenue Revenue 0 5 10 15 20 25 30 2. The above table contains information for a price taking competitive firm. Complete the table and determine the profit maximizing level of output (round your answer to the nearest whole number).
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1. Complete the above table. ( 28pts) 2. The above table contains information for a price taking competitive firm. Complete the table and determine the profit maximizing level of output (round your answer to the nearest whole number). (32 pts)

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