Equilibrium output in perfect competition

Reference no: EM1311683

1.Consider the following demand schedule. Does it apply to a perfeclty competitive firm ?

Compute marginal and average revenue

Price	Quantity
$100	1
$95	2
88	3
80	4
70	5
55	6
40	7
22	8

2. suppose th emarginal cost of producing the good in before question is aconstant $ 10 per unit of output . what quantity of output will the firm produce

Reference no: EM1311683

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