# To calculate profit and loss

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.

© BrainMass Inc. brainmass.com June 4, 2020, 12:30 am ad1c9bdddfhttps://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