A perfectly competitive firm maximizes profit by producing 100 units at an average total cost of $12 and an average fix
Posted: Sun Jul 03, 2022 1:02 pm
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