You have been hired as a consultant to make recommendations to the 4 firms listed below. Each of the competitors wants to maximize profits. Each row represents a separate firm. Apply the rules of marginal analysis to help you advise each of the firms separately. For example, should they increase or decrease output, do nothing, or shut down. Explain your rationale for each firm (why you made the recommendations you listed)
Perfect Competition firms:
Price Q TR TC P/L TVC ATC AVC MC
4 100 400 350 +50 300 3.5 3 5
10 20 200 500 -300 300 25 15 10
50 100 5000 5100 -100 3000 51 30 90
25 100 2500 2500 0 2000 25 20 25
