A perfectly competitive firm maximizes its profits when it produces 1000 units. It charges $1.50 per unit and has average (total) cost of $1 per unit. When this firm produces 1000 units, its marginal cost must be $

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Pls answer the below question in 5-6 sentence

A perfectly competitive firm maximizes its profits when it produces 1000 units. It charges $1.50
per unit and has average (total) cost of $1 per unit.
When this firm produces 1000 units, its marginal cost must be $.
Transcribed Image Text:A perfectly competitive firm maximizes its profits when it produces 1000 units. It charges $1.50 per unit and has average (total) cost of $1 per unit. When this firm produces 1000 units, its marginal cost must be $.
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