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A firm operating in a perfectly competitive market faces a market price of $12. Below is some additional information on the firm: Output 50 Workers
A firm operating in a perfectly competitive market faces a market price of $12. Below is some additional information on the firm: Output 50 Workers 11 Average Total Cost $27 Question 1: What is the firm's Total Revenue? $ Question 2: What is the firm's Average Revenue? $ Question 3: What is the firm's Marginal Revenue? $
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Foundations of Macroeconomics
Authors: Robin Bade, Michael Parkin
8th edition
134492005, 978-0134492001
