Should the firm produce more, less, at current production

Reference no: EM133487240

Question: Econ Manufacturing is selling in a purely competitive market. Its production output is 200 units, which it sells at 5 dollars each. At this level of production output, total cost is 1100 dollars, total fixed is 50 dollars, and marginal costs is 5 dollars. Should the firm produce more, less, at current production, or not at all?

Reference no: EM133487240

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