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?

Answer rating: 100% (QA)

To determine whether Econ Manufacturing should produce more less maintain its current level of production or shut down entirely we need to analyze the ... View the full answer