Does price exceed average variable cost for first 50 units

Reference no: EM13242037

A purely competitive firm finds that the market price for its product is $30.00. It has a fixed cost of $100.00 and a variable cost of $17.50 per unit for the first 50 units and then $35.00 per unit for all successive units.

Does price exceed average variable cost for the first 50 units?

Reference no: EM13242037

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