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marginal and average total c051 schedules for a perfec’lly competitive rm.

June 26, 2019/in Questions Uploads /by admin

The following table shows marginal and average total cost schedules for a perfectly competitive firm. Currently, the market price in this industry is $8. According to the table, a profit-maximizing firm will produce _____ units. (Enter your response as an integer.)

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HW 4-1 question 9:25.png

The following table shows marginal and average total c051 schedules for a perfec‘lly competitive ﬁrm. Currently, the market price in this industry is $8. Output (uniis) Marginal Cost Average Total Cost
(0) (MC) (AT0)
o _ _
‘1 2 12
2 4 a
3 6 5
4 B 8
5 10 3 A proﬁt—maximizing ﬁrm will produce unils. (Enter ypur response as an integer.)