1.Max Profit Inc, a profit maximizing firm in a competitive market is currently producing 1000 units of...

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1.Max Profit Inc, a profit maximizing firm in a competitive market is currently producing 1000 units of widgets.It has average revenue of $200, average total cost of $160 and fixed cost of $50,000.

a.What is its profit?

b.What is its marginal cost?

c.What is its average fixed cost?

d.What is its average variable cost?

Posted Date: Jun 23, 2024 09:01 AM

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1.Max Profit Inc, a profit maximizing firm in a competitive market is currently producing 1000 units of...

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