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What is the firm average variable cost

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Reference no: EM131729932

Question - You are a super smart profit-maximizing firm in a competitive market currently producing 100 units of output. The market price is $10 while the firm's average cost is $8 and it's fixed cost are $200 at100 units of production.

What is the firm's marginal revenue?

What is the firms profit?

What is the firm's more marginal cost?

What is the firm's average variable cost?

Reference no: EM131729932

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