Firm profits-marginal cost and average variable


A profit-maximizing firm in a competitive market is currrently producing 100 units of output. It has average revenue of $10, average total cost of $8, and fixed costs of $200. What are this firm's profits, marginal cost, and average variable cost respectively?

Request for Solution File

Ask an Expert for Answer!!
Microeconomics: Firm profits-marginal cost and average variable
Reference No:- TGS066470

Expected delivery within 24 Hours