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hey how you doing econ students this is Mr Clifford welcome to ACDC econ right now weamp;#39;re going to talk about perfect competition and maximizing profit this video is all about practice in the previous video you learned about the profit maximizing rule which is you produce or Mr hits MC in this video youamp;#39;re going to practice that concept and calculate all these Concepts using a chart letamp;#39;s assume that this chart shows the cost for a perfectly competitive firm selling oranges the quantity is different crates of oranges so 0 1 2 3 4 5 and six Iamp;#39;ve given you the variable cost and the fixed cost of producing nothing your job is to fill out these columns and then answer these questions whatamp;#39;s the fixed cost of producing one crate well itamp;#39;s $20 and two crates is $20 and three crates is $20 again thatamp;#39;s because itamp;#39;s fixed it doesnamp;#39;t matter how many crates of oranges you sell you still have to pay for the ladder the total co