A profit-maximizing firm operating in conditions of perfect competition and is producing a daily output such that its to
Posted: Sun Jul 03, 2022 1:01 pm
A profit-maximizing firm operating in conditions of perfectcompetition and is producing a daily output such that its totalrevenue is $2,000,000. The firm's average cost is $8,000, itsmarginal cost is $10,000, and its average variable cost is $5,000.Its daily output is
A. 2.000 units
B. 5,000 units
C. 6,000 units
D. 10.000 units
A. 2.000 units
B. 5,000 units
C. 6,000 units
D. 10.000 units