perfectly competitive firm sells pineapples for $4 each. MR = MC at a quantity of 600 units. Average total cost at the profit

Question

2 years ago

6

-maximizing quantity is $2.75. This firm is earning a profit of

1 answer:

mart [117] · Answer 1 · 2022-08-27T08:54:42+03:00

mart [117]2 years ago

5 0

Answer:

$ 750

Explanation:

Total cost = average total cost × quantity = $ 2.75 × 600 = $ 1650

Total revenue = price × quantity = $ 4 × 600 = $ 2400

profit = $ 2400 - $ 1650 = $ 750

perfectly competitive firm sells pineapples for​ $4 each. MR​ = MC at a quantity of 600 units. Average total cost at the​ profit