A perfectly competitive firm Cat Paradise sells clothing for cats. A cat-suit sells for $72 each. The fixed costs for production are $100. The total variable costs are $64 for one suit, $84 for two suits, $114 for three suits, $184 for four suits, and $270 for five suits. a) In a table, calculate TR, MR, TC and MC for each output level (one to five suits).
A perfectly competitive firm Cat Paradise sells clothing for cats. A
cat-suit sells for $72 each. The fixed costs for production are $100.
The total variable costs are $64 for one suit, $84 for two suits, $114
for three suits, $184 for four suits, and $270 for five suits.
a) In a table, calculate TR, MR, TC and MC for each output
level (one to five suits).


