Is the efficient scale of the firm more than 100 units

Reference no: EM13198903

A profit-maximizing firm in a competitive market is currently producing 100 units of output. It has average revenue of $10, average total cost of $8, and fixed costs of $200.
What is profit?
What is marginal cost?
What is average variable cost?
Is the efficient scale of the firm more than, less than, or exactly 100 units?

Reference no: EM13198903

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