The table given below shows the total revenue and total cost of a firm at different levels of output.Table 10.2

-Given a perfectly competitive market structure, at the profit-maximizing output level, a firm's total fixed cost is $10, total variable cost is $100, marginal revenue is $4, and the quantity demanded is 50. The total profit earned by the firm is:

Question

The table given below shows the total revenue and total cost of a firm at different levels of output.Table 10.2
 
-Given a perfectly competitive market structure, at the profit-maximizing output level, a firm's total fixed cost is $10, total variable cost is $100, marginal revenue is $4, and the quantity demanded is 50. The total profit earned by the firm is:

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The Answer of The table given below shows the total revenue and total cost of a firm at different levels of output.Table 10.2
 
-Given a perfectly competitive market structure, at the profit-maximizing output level, a firm's total fixed cost is $10, total variable cost is $100, marginal revenue is $4, and the quantity demanded is 50. The total profit earned by the firm is:

The Table Given Below Shows the Total Revenue and Total