# At optimal output, calculate the profit, break even or loss.

Answer the question below on the basis of the following cost data for a purely competitive seller:

Total Product TFC TVC

0 $50 $0

1 50 70

2 50 120

3 50 150

4 50 220

5 50 300

6 50 390

If the product price is $60, at its optimal output will the firm realize an economic profit, break even, or incur an economic loss? How much will the profit or loss be? Show calculations.

© BrainMass Inc. brainmass.com October 10, 2019, 1:37 am ad1c9bdddfhttps://brainmass.com/business/business-management/at-optimal-output-calculate-the-profit-break-even-or-loss-342237

#### Solution Preview

Total Product TFC TVC MC

0 $50 $0

1 50 70 70

2 ...

#### Solution Summary

This post shows how to calculate the profit and loss at optimal output.