Recent Posts • Latest Topics • Unanswered Questions

Consider the following total cost schedule for a perfectly competitive firm producing ball-point ...

hardy7luver

wrote...

Go to Answer

Posts: 147

Rep:

2 years ago

Consider the following total cost schedule for a perfectly competitive firm producing ball-point ...

Consider the following total cost schedule for a perfectly competitive firm producing ball-point pens.

Output per period	TVC ($)	TFC ($)
0	0	5
10	2	5
20	3	5
30	6	5
40	10	5
50	15	5

TABLE 9-2

Refer to Table 9-2. Suppose the prevailing market price for this firm's product is $0.45. If the firm is producing 20 units of output per period, then its profit per unit is ________ and its total profit per period is ________.

▸ $9; $180

▸ $0.40; $8

▸ $0.05; $1.00

▸ $6; $120

▸ $0.01; $2

Textbook

Microeconomics

Edition: 17^th

Author: Ragan

Read 208 times

3 Replies

Report

Replies

Answer verified by a subject expert

clarkh7839

wrote...

Posts: 147

Rep:

2 years ago

More solutions for this book are available here

Report

Related Topics

Anonymous

wrote...

A month ago

Help! The answer is missing an explanation...

Report

clarkh7839

wrote...

A month ago

Hope that helps you further

Report

New Topic

Quick Reply

Explore

Post your homework questions and get free online help from our incredible volunteers

405 People Browsing

103 Signed Up Today

Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook

Live Chat

Related Images

331

141

104

Your Opinion

Previous poll results: What's your favorite math subject?

Strange Ingredients Lurking in Doritos Chips

The Toxic Skin and Fungi Defense

Bonobos, Chimpanzees, and the 98% DNA Link

It's sore throat season, why does my mucus have red spots?

Courses by Biology Forums

Ready to ask a question on Biology Forums? Try it out

Join Our Community

Biology Forums - Study Force is a free online homework help service catered towards college and high school students. Get homework help and answers to your toughest questions in biology, chemistry, physics, mathematics, engineering, accounting, business, humanities, and more. Master your assignments quickly with thousands of step-by-step solutions to countless textbook questions asked and answered by our members. If we don't have your question, don't worry. You can ask any homework question and get expert homework help in as little as two hours.

Our extensive online study community is made up of college and high school students, teachers, professors, parents and subject enthusiasts who contribute to our vast collection of study resources: textbook solutions, study guides, practice tests, practice problems, lecture notes, equation sheets and more. With our help, your homework will never be the same!

Join for free today

How is Biology Forums - Study Force different than tutoring?

Home Search Q & A Board Gallery Resource Library Blog Dictionary Chat	Quick Links Start a Topic Latest Topics Unanswered Questions Courses Study Tools Browse by Textbook	Social Facebook YouTube Community Stats Who's Online Trending Staff	Help About Us Take the Tour Study Tips Posting Guidelines Terms and Policies Contact Us
Biology Forums - Study Force © 2010-2024 \| Powered by SMF \| SMF © 2015, Simple Machines \| Sitemap Biology-Forums.com is not affiliated with any publisher. Book covers, title and author names appear for reference only.