A profit-maximizing firm in a competitive market i, Microeconomics

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A profit-maximizing firm in a competitive market i

A profit-maximizing firm in a competitive market is currently producing 100 units of output. It has average revenue so $10, average total cost of $8 and fixed cost of $200.

a. what is the profit?
b. what is the marginal cost?
c. what is its average variable cost?
d. is the efficent scale of the firm more than, less than, or equal to 100 units?

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Microeconomics: A profit-maximizing firm in a competitive market i

Reference No:- TGS0106028

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Recent Questions Asked Microeconomics

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Request for Solution File

Ask an Expert for Answer!!

Microeconomics: A profit-maximizing firm in a competitive market i

Reference No:- TGS0106028

Recent Questions Asked Microeconomics

Q : What is the probability that company will run out of units

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