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At P = $2.75, quantity demanded = 1.25 units TR = $3.4375 TC = 1.25*3 = $3.75 Profit = $3.43 – $7.56 = -$0.32 At P = $3, Qd = 1 TR = $3 TC = 3.25*1 = $3.25 LOSS = -$0.25

/in /by

At P = $2.75, quantity demanded = 1.25 units
TR = $3.4375
TC = 1.25*3 = $3.75
Profit = $3.43 – $7.56 = -$0.32
At P = $3, Qd = 1
TR = $3
TC = 3.25*1 = $3.25
LOSS = -$0.25

 
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