PLEASE SHOW WORK AND FORMULAS THAT YOU USE TO GET ANSWER.Question 10 1 12 ptsYou are operating a firm in a perfectly competitive market . In the short run , you have fixed costs of$30 . Your variable costs are given in the following table* :OLIVO10 1012 /17534 1305| |415Complete the following table ."Market Price* Profit maximizing level of output Profit$70$77$85$105
Question 1 0 1 12 pts You are operating a firm in a perfectly competitive market . In the short run , you have fixed costs of $30 . Your variable…
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