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QUESTION 18 The diagram shows the price, marginal cost and average cost curves facing a perfectly competitive firm in th
Posted: Wed Jul 06, 2022 6:29 pm
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- Question 18 The Diagram Shows The Price Marginal Cost And Average Cost Curves Facing A Perfectly Competitive Firm In Th 1 (36.12 KiB) Viewed 11 times
QUESTION 18 The diagram shows the price, marginal cost and average cost curves facing a perfectly competitive firm in the short run. 20 N Cost, price (Rand) 1 60 80 MC 100 Output per day AC AVC Price (4 Marks) What is the total revenue of the profit-maximising firm in the short run? A. R720 B. R800 C. R960 D. R2 000