ces A purely competitive firm finds that the market price for its product is $30. It has a fixed cost of $100 and a variable cost of $17.50 per unit for the first 50 units and then $37.50 per unit for all successive units. Instructions: Enter your answers rounded to two decimal places. a. Does price equal or exceed average variable cost for the first 50 units? Yes What is the average variable cost for the first 50 units? 1750 per unit b. Does price equal or exceed average variable cost for the first 100 units? Yes What is the average variable cost for the first 100 units? $ per unit c. What is the marginal cost per unit for the first 50 units? per unit The marginal cost for units 51 and higher? $ per unit d. For each of the first 50 units, does MR exceed MC? Yes