A profit-maximizing firm in a competitive market is currently producing 100 units of output. It has average revenue of $10, average total cost of $8, and fixed cost of $200.
a. What is its profit?
b. What is its marginal cost?
c. What is its average variable cost?
d. Is the efficient scale of the firm more than, less than, or exactly 100 units?
Principles of Microeconomics (MindTap Course List)
Brief Principles of Macroeconomics (MindTap Course List)
ECON: MICRO4 (New, Engaging Titles from 4LTR Press)
STATISTICS F/BUSINESS+ECONOMICS-TEXT
Probability and Statistics for Engineering and the Sciences
Principles of Macroeconomics (MindTap Course List)
Cornerstones of Financial Accounting
Accounting Information Systems
Foundations of Business (MindTap Course List)
Fundamentals Of Financial Management, Concise Edition (mindtap Course List)
Corporate Financial Accounting
Fundamentals of Financial Management, Concise Edition (MindTap Course List)
Essentials of Business Communication (MindTap Course List)
Financial & Managerial Accounting
Fundamentals of Financial Management (MindTap Course List)
Financial And Managerial Accounting
Essentials of Economics (MindTap Course List)
College Accounting, Chapters 1-27
Financial Accounting
Management, Loose-Leaf Version
MKTG 12:STUDENT ED.-TEXT
Managerial Accounting: The Cornerstone of Business Decision-Making
Accounting Information Systems
Intermediate Accounting: Reporting And Analysis
Contemporary Marketing
Exploring Economics
Statistics for Business & Economics, Revised (MindTap Course List)
Fundamentals of Financial Management, Concise Edition (with Thomson ONE - Business School Edition, 1 term (6 months) Printed Access Card) (MindTap Course List)
College Accounting (Book Only): A Career Approach
Financial Accounting
Financial & Managerial Accounting
Accounting (Text Only)
College Accounting (Book Only): A Career Approach
Fundamentals of Financial Management (MindTap Course List)
Principles of Macroeconomics (MindTap Course List)
Pkg Acc Infor Systems MS VISIO CD
College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)
Economics (MindTap Course List)
Macroeconomics
Economics For Today
Survey of Accounting (Accounting I)
Corporate Financial Accounting
Cornerstones of Cost Management (Cornerstones Series)
Practical Management Science
PAYROLL ACCT.,2019 ED.(LL)-TEXT
Purchasing and Supply Chain Management
Economics: Private and Public Choice (MindTap Course List)
Micro Economics For Today
Macroeconomics: Private and Public Choice (MindTap Course List)
MACROECONOMICS FOR TODAY
Principles of Microeconomics
Microeconomics: Private and Public Choice (MindTap Course List)
Managerial Accounting
Understanding Management (MindTap Course List)