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The table shows the cost and revenue information for a perfectly ( or purely ) competitive firm that produces external hard drives. Use whole numbers
The table shows the cost and revenue information for a perfectly or purely competitive firm that produces external hard drives. Use whole numbers to answer the six questions.
tableQuantity unitsFixed cast $Variable cast $Total renue $
a What is the marginal revenue received from the IIth vait?
b What is the marginal coot of producing the II th unit?
c What price does this firm charge for each hard drive?
d How many unils should thes firm produce to maximize prolits?
per unit
hocrtest
e When profit maximizing, what is thix firn's profit?
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