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What is the firm''s total fixed cost in dollars?

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a. What is the firm's total fixed cost in dollars? How do you know this? 

b. What is the marginal cost for the 5th unit of output? 

c. Noel's firm charges the market price for window washing jobs, $30/job. At what output will the firm maximize profit? What will that profit be? 

d. Given the results in part (c) above, explain what will happen to the number of firms in the industry in the long-run. 

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Reference no: EM13973513

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