A firm operating in pure competition receives $45 for each unit of output sold. It has a

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A firm operating in pure competition receives $45 for each unit of output sold. It has a variable cost of $25 per item and a fixed cost of $1600. What is its profit level π if it sells

(a) 150 items,

(b) 200 items, and

(c) 75 items? image text in transcribed

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Schaum S Outline Of Mathematical Methods For Business Economics And Finance

ISBN: 978-1264266876

2nd Edition

Authors: Luis Moises Pena Levano

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Question Posted: Sep 20, 2024 06:02 AM

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A firm operating in pure competition receives $45 for each unit of output sold. It has a

Question:

revenue (R) cost (C) where R = 45.x and C = 25x + 1600. Substituting, (a) At x = 150, (b) At x = 200, (c) At x = 75, - - =45x (25x + 1600) =20x1600 J = 20(150) 1600 = 1400 J = 20(200) 1600 = 2400 - 20(75) 1600-100 - (a loss)

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Schaum S Outline Of Mathematical Methods For Business Economics And Finance

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