Microeconomics
Solutions
Microeconomics
Firm A charged $4 per unit when it produced 100 units of good X, and it charged $3 per unit when it produced 200 units. Furthermore, the firm earned the same profit per unit in both cases. How can this happen?
Explain the same profit per unit in both cases.
When Firm ‘A’ produced 100 units of good X, it is charged $4 per unit and when it produces 200 units, then the profit per unit can be calculated as follows:
Thus, the value of profit is $1.
In this case, the economies of scale raises output from 100 units to 200 units
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