February 24, 2017

Homework Help: Microeconomics

Posted by Pam on Thursday, September 23, 2010 at 7:38pm.

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 ficed costs of $200. What are the firm's profit, marginal cost, and average varible cost respectively?

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