Business, 08.01.2020 05:31 shawdyylinda
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:
earning an economic profit of $600.
earning an economic profit of $1,200.
incurring a loss of $600.
incurring a loss of $1,200.
Answers: 1
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Assume a perfectly competitive firm is producing 300 units of output, p = $10, atc of the 300th unit...
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