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Alex_Xolod [135]
3 years ago
8

A purely competitive firm finds that the market price for its product is $30.00. it has a fixed cost of $100.00 and a variable c

ost of $15.00 per unit for the first 50 units and then $35.00 per unit for all successive units. instructions: round your answers to 2 decimal places.
a. does price equal or exceed average variable cost for the first 50 units? . what is the average variable cost for the first 50 units? $ .
b. does price equal or exceed average variable cost for the first 100 units? . what is the average variable cost for the first 100 units? $ .
c. what is the marginal cost per unit for the first 50 units? $ per unit. what is the marginal cost for units 51 and higher? $ per unit.
d. for each of the first 50 units, does mr exceed mc? . what about for units 51 and higher? .
e. what output level will yield the largest possible profit for this purely competitive firm? units.
Business
1 answer:
mr Goodwill [35]3 years ago
8 0

thats a big question mister. Look it up on brainly or something

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