ECON 325 - What is the firm's marginal revenue
Question # 00621197
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Updated on: 11/23/2017 01:27 PM Due on: 11/23/2017
You are a super smart profit-maximizing firm in a competitive market currently producing 100 units of output. The market price is $10 while the firm's average cost is $8 and it's fixed cost are $200 at100 units of production.
What is the firm's marginal revenue?
What is the firms profit?
What is the firm's more marginal cost?
What is the firm's average variable cost?
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Rating:
5/
Solution: ECON 325 - What is the firm's marginal revenue