A firm’s marginal revenue meets its marginal cost at an output of 550 units. At this output, the firm incurs an average

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answerhappygod
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A firm’s marginal revenue meets its marginal cost at an output of 550 units. At this output, the firm incurs an average

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A firm’s marginal revenue meets its marginal cost at an output
of 550 units. At this output, the firm incurs an average fixed cost
of $2 and average variable cost of $4. Its average revenue is $9.
What is the total amount of profit earned by the firm?
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