1 answer

Refer to the data below. If the firm's minimum average variable cost is $10, the firm's...

Question:

Refer to the data below. If the firms minimum average variable cost is $10, the firms profit-maximizing level of output wou
Refer to the data below. If the firm's minimum average variable cost is $10, the firm's profit-maximizing level of output would be: Output Marginal revenue Marginal cost 0 1 $10 WN $16 16 16 16 5 16 16

Answers

Answer

3 units

the firm produces at MR=MC if the P>minimum average varible cost and the MR=$16 =P as the MR is constant

so the firm produces 3 units at MR=MC level of output.

.

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