Illustrate what is the firm current profit

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Reference no: EM1346236

At its current level of production a profit-maximizing firm in a comparative market recieves $12.50 for each unit it produces and faces an advantage total cost of $10. At the market price of $12.50 per unit, the firm's marginal cost curve crosses the marginal revenue current an output level of 1,000units. Illustrate what is the firm's current profit? Illustrate what is likely to occur in this market and why? Show the graph and caculations.

Reference no: EM1346236

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