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# The following table shows some cost data for Lin's Fortune Cookies, which operates in perfect competition. TP AFC AVC ATC MC 1 \$ 84.00 \$ 51.00 \$...

The following table shows some cost data for Lin's Fortune Cookies, which operates in perfect competition.
TP AFC AVC ATC MC
1 \$ 84.00 \$ 51.00 \$ 135.00 \$ 51.00
1.5 \$ 56.00 \$ 47.50 \$ 103.50 \$ 37.00
2 \$ 42.00 \$ 44.00 \$ 86.00 \$ 33.50
2.5 \$ 33.60 \$ 41.50 \$ 75.10 \$ 29.00
3 \$ 28.00 \$ 39.00 \$ 67.00 \$ 26.50
3.5 \$ 24.00 \$ 37.50 \$ 61.50 \$ 27.00
4 \$ 21.00 \$ 36.00 \$ 57.00 \$ 25.50
4.5 \$ 18.67 \$ 35.60 \$ 54.27 \$ 32.00
5 \$ 16.80 \$ 35.20 \$ 52.00 \$ 35.20
5.5 \$ 15.27 \$ 35.60 \$ 50.87 \$ 40.00
6 \$ 14.00 \$ 36.00 \$ 50.00 \$ 50.00
6.5 \$ 13.00 \$ 37.50 \$ 50.50 \$ 57.00
7 \$ 12.00 \$ 39.00 \$ 51.00 \$ 58.50
7.5 \$ 11.20 \$ 41.80 \$ 53.00 \$ 83.00
8 \$ 10.50 \$ 44.50 \$ 55.00 \$ 85.75

At a price of \$50 per batch of cookies, what quatity does Lin produce?

What is Lin's total revenue?
What is Lin's total cost?
What is Lin's economic profit?

At a price of \$35.20 per batch of cookies, what quatity does Lin produce?
What is Lin's total revenue?
What is Lin's total cost?
What is Lin's economic profit?

At a price of \$83 per batch of cookies, what quatity does Lin produce?
What is Lin's total revenue?
What is Lin's total cost?
What is Lin's economic profit?

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