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Answer to Question #48761 in Economics of Enterprise for Damilare Solomon

Question #48761
from the table below answer the following question

Total revenue
OUTPUT OF BEAN T.R MC TC MR
10 150 - 250 -
20 200 5 300 5
30 350 15 430 13
40 450 F 500 F
50 550 5 550 M
60 600 5 587 3
70 630 X 700 12

QUESTION
1. find the Value of F, M, X
2. what will be the profit maximizing output for the firm
3. if the firm were operating under perfect competition what will be the price of his product
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