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This is all the information that was provided. 2. ( 30 points) A fir.pdf

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This is all the information that was provided. 2. ( 30 points) A firm's total cost schedule and the demand for its product are summarized in the table below. (i) Complete the table and use the equimarginal principle to determine the level of output that maximizes the firm's profit. Also, determine the price charged by the firm and its maximum profit level. (ii) What would happen to your answers from part (i) if the firm's fixed costs rose by $60 ? (iii) What would happen to your answers from part (i) if its costs rose by $22 per unit produced?.

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This is all the information that was provided. 2. ( 30 points) A firm's total cost schedule and the demand for its product are summarized in the table below. (i) Complete the table and use the equimarginal principle to determine the level of output that maximizes the firm's profit. Also, determine the price charged by the firm and its maximum profit level. (ii) What would happen to your answers from part (i) if the firm's fixed costs rose by $60 ? (iii) What would happen to your answers from part (i) if its costs rose by $22 per unit produced?

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