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This question is worth 2 points for each part, 6 points total. A firm operating in a perfectly competitive market faces a market price of
This question is worth 2 points for each part, 6 points total. A firm operating in a perfectly competitive market faces a market price of $27. Below is some additional information on the firm: Output 60 Workers 12 Average Total Cost $65 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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Microeconomics
Authors: Austan Goolsbee, Steven Levitt, Chad Syverson
2nd edition
1464187029, 978-1464189104, 1464189102, 978-0716759751, 716759756, 978-1464187025
