Thursday
April 17, 2014

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?

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

economics - A profit-maximizing firm in a competitive market is currently ...
Economics/Math - In a perfectly competitive industry, the market price is $25. A...
Economics - Yeah, so I'm in urgent need of help with this homework. 1. Assume ...
To: Economyst - Hi there. You helped me with a couple of questions regarding ...
Help-Econ - Okay, this is due Tuesday. I'm woking on it but if anyone can help ...
microeconomics - You are given the following information about the costs of a ...
Microeconomics - Monopolistic Competition A profit-maximizing firm in a ...
Economics - The market for fertilizer is perfectly competitive. Firms in the ...
Economics - A firm uses a single plant with costs C = 160 + 16Q + .1Q2 and faces...
ECONOMICS - A firm uses a single plant with costs C= 160 +16Q +.1Q2 and faces ...

Search
Members