What will be the firms profit if the average total cost is


At a price of $5, the profit-maximizing output for a perfectly competitive firm is 1000 units per year. If the average total cost is $3 per unit, what will be the firm's profit? If the average total cost is $6 per unit, what will be the firm's profit? What is the relationship between profit, price, and average total cost?

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Econometrics: What will be the firms profit if the average total cost is
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