Business, 29.10.2019 06:31, molinaemily009

Apurely competitive firm finds that the market price for its product is $25.00. it has a fixed cost of $100.00 and a variable cost of $17.50 per unit for the first 50 units and then $30.00 per unit for all successive units.

does price exceed average variable cost for the first 50 units?

what is the average variable cost for the first 50 units?

what is the average variable cost for the first 100 units?

Answers: 1

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Apurely competitive firm finds that the market price for its product is $25.00. it has a fixed cost...