A profit-maximizing firm in a competitive market is currently producing 100 units of output. It has average revenue of $10, average total cost of $8, and fixed costs of $200.
A. What is profit?
B. What is marginal cost?
C. What is average variable cost?
D. Is the efficient scale of the firm more than, less than, or exactly 100 units?
Write the answers in your notebook. We will check this tomorrow.
Sir, should we answer this too? I'm from your 2:35 class.
ReplyDeletenope..1:00 o'clock sked2..
ReplyDeletehi sir april to nasa akin yung synthesis ng drma namin hehe (:
ReplyDelete