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Please answer correct explain plz asap Don't answer by pen paper plz 2) A firm produces 5000 blankets in one month. The soeling price of
Please answer correct explain plz asap
Don't answer by pen paper plz
2) A firm produces 5000 blankets in one month. The soeling price of the blankets is 250 TL per one blanket. The total costs of that firm is equal to 70% of the total revenue received from the sale of blankets. Given this; a. Find out the total revenue. total cost and the total profit ofthat firm b. Find out the average fixed cost. average variable cost and average total cost of that rm given that half of the costs are the xed costs o. If firm increases its monthl output to 5200 without changing the price; what may be new profit of that firm? Can we nd the marginal revenue and the marginal cost given that information {assuming that total costs are again 711% of the total revenue at the new output level}Step by Step Solution
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