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Business, 30.07.2021 20:20 babyphoraaaaa
A purely competitive firm finds that the market price for its product is $30. It has a fixed cost of $100 and a variable cost of $15 per unit for the first 50 units and then $35 per unit for all successive units. Instructions: Enter your answers rounded to two decimal places. a. Does price equal or exceed average variable cost for the first 50 units
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A purely competitive firm finds that the market price for its product is $30. It has a fixed cost of...
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