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Microeconomics

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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?

  • Microeconomics - ,

    Firm's Profit $200
    Marginal Cost $10
    Average Varible Cost Respectively $6

    $200, $10, and $6

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    How did you get that answer pam??

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