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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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