What is average total cost incurred by firm at that quantity


Problem

i. What is the profit maximizing quantity produced by the firm?

ii. What is the average total cost incurred by the firm at that quantity?

iii. What is the average variable cost incurred by the firm at that quantity?

iv. Can you tell what would be the price charged by this perfectly competitive firm in the long run?

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Macroeconomics: What is average total cost incurred by firm at that quantity
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