You are given the following cost and revenue information for Cindy's Candles,a perfectly competitive firm at its current level of output.
AFC = 4
ATC = 10
TVC = 600
MC = 10
TR = 1,200
a)What is the amount of profit or loss?
b)Is the firm producing at its optimal level? If not,should it increase or decrease output?
a)Economic profit = $200

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The Answer of You are given the following cost and revenue information for Cindy's Candles,a perfectly competitive firm at its current level of output.
AFC = 4
ATC = 10
TVC = 600
MC = 10
TR = 1,200
a)What is the amount of profit or loss?
b)Is the firm producing at its optimal level? If not,should it increase or decrease output?
a)Economic profit = $200

You Are Given the Following Cost and Revenue Information for Cindy's