A firm is a perfectly competitive industry with atotal, Econometrics

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A firm is a perfectly competitive industry with atotal

A firm is a perfectly competitive industry with atotal revenue of Php 2 million a year when producing 200,000 unitsof output per year;
a) Find the firm's average revenue (AR);
b) Find the firm's marginal revenue (MR);
c) Assuming that the firm is maximizing profits, what is thefirm's marginal cost (MC)?
d) If the firm is at long-run equilibrium, what is theshort-run average cost?

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Econometrics: A firm is a perfectly competitive industry with atotal

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Econometrics: A firm is a perfectly competitive industry with atotal

Reference No:- TGS0582503

Have a Question? (oR Write a Review)

Recent Questions Asked Econometrics

Q : Suppose that a system of unemployment compensation

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Request for Solution File

Ask an Expert for Answer!!

Econometrics: A firm is a perfectly competitive industry with atotal

Reference No:- TGS0582503

Recent Questions Asked Econometrics

Q : Suppose that a system of unemployment compensation

Q : List the experiments and random run orders if we are to run

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