- A Perfectly Competitive Firm Maximizes Profit By Producing 100 Units At An Average Total Cost Of 12 And An Average Fix 1 (57.88 KiB) Viewed 9 times
A perfectly competitive firm maximizes profit by producing 100 units at an average total cost of $12 and an average fix
-
- Site Admin
- Posts: 899603
- Joined: Mon Aug 02, 2021 8:13 am
A perfectly competitive firm maximizes profit by producing 100 units at an average total cost of $12 and an average fix
A perfectly competitive firm maximizes profit by producing 100 units at an average total cost of $12 and an average fix cost of $5 for a market price of $10. Its marginal revenue must be - a. $10 b. $1000 C. -$2 d. $1200