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Suppose the total revenue from selling 300 goods in an imperfect market is $7,500. The marginal cost of production is $1
Posted: Thu May 05, 2022 7:01 am
by answerhappygod
- Suppose The Total Revenue From Selling 300 Goods In An Imperfect Market Is 7 500 The Marginal Cost Of Production Is 1 1 (23.23 KiB) Viewed 34 times
Suppose the total revenue from selling 300 goods in an imperfect market is $7,500. The marginal cost of production is $15. Then, a new, widely available technology makes the market perfectly competitive. Determine how the firm should change its price. Assume that the marginal cost stays the same. Enter your answer in the box below and use a minus sign to show a decrease in price if necessary. Answer 2 Points Keypad Keyboard Shortcuts