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Title: Assume a perfectly competitive firm is producing 300 units of output, P = $10, ATC of the 300th unit ... Post by: hiusy98 on Jan 23, 2017 Assume a perfectly competitive firm is producing 300 units of output, P = $10, ATC of the 300th unit is $8, marginal cost of the 300th unit = $10, and AVC of the 300th unit = $6. Based on this information, the firm is:
A) earning an economic profit of $600. B) earning an economic profit of $1,200. C) incurring a loss of $600. D) incurring a loss of $1,200. Title: Re: Assume a perfectly competitive firm is producing 300 units of output, P = $10, ATC of the 300th ... Post by: toogoo on Jan 23, 2017 Content hidden
Title: Re: Assume a perfectly competitive firm is producing 300 units of output, P = $10, ATC of the 300th unit ... Post by: hiusy98 on Mar 27, 2017 Needed these to complete my project
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