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You are given the following information for a producer of organic grommets in a perfectly competitive...

You are given the following information for a producer of organic grommets in a perfectly competitive market.


TFC = $6 Market price = $9

Quantity MC ($)
1 8
2 7
3 6
4 8
5 10
6 13


The marginal cost of production appears in the table above. What is the profit-maximizing output? Is the firm making a profit or loss? How much?

    Output:   

      (Click to select)  Profit  Loss  $  .

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