Explain in perfect competitive environment

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Discussion

Evaluate the following statement: In the short run, information about a perfectly competitive firm's fixed costs is needed to determine both the profit-maximizing level of output and the amount of profit earned when producing that level of output.

Define short run. Explain in perfect competitive environment Try to use mathematical expressions Fixed cost for perfect competitive firms is straight or goes down(curves in the graph) Does fixed cost effect the profit of the company. And try to give graphical expressions.

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This assignment is based on economics theory of production. The question asked to evaluate the following statement: In the short run, information about perfectly competitive firm’s fixed cost is needed to determine both the profit maximizing level of output and the amount of profit earned when producing that level of output. The given statement is wrong. It is the information about the variable cost to determine both the profit maximizing level of output and the amount of profit earned when producing that level of output

Reference no: EM131710935

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inf1710935

11/13/2017 5:12:47 AM

Okay good to hear that. So kind of you And please there should be no plagiarism my university is very strict Thanks for all the assignments If needed will ask for some changes So all the assignments are plegarism free? Thank you so much for the solution, I got score card and I scored really good mark. Thank you Very Much.

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11/7/2017 11:54:44 PM

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