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    To calculate profit and loss

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

    Total Product TFC TVC
    0 $150 $0
    1 150 70
    2 150 120
    3 150 150
    4 150 220
    5 150 300
    6 150 390

    If the product price is $95, 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 all calculations.

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    https://brainmass.com/business/business-management/to-calculate-profit-and-loss-342238

    Solution Preview

    Total Product TFC TVC MC
    0 $150 $0
    1 150 70 70
    2 150 120 50
    3 ...

    Solution Summary

    This post shows how to calculate profit and loss if the product price is $95 at optimal output.

    $2.19

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