A perfectly competitive firm produces 1000 units of a good


A perfectly competitive firm produces 1,000 units of a good at a total cost of $36,000. The price of each good is $50. What is the firm's short run profit or loss?

Solution Preview :

Prepared by a verified Expert
Macroeconomics: A perfectly competitive firm produces 1000 units of a good
Reference No:- TGS02697327

Now Priced at $10 (50% Discount)

Recommended (95%)

Rated (4.7/5)