A firm in a perfectly competitive industry has total revenue of $200,000 per year when producing 2000

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A firm in a perfectly competitive industry has total revenue of $200,000 per year when producing 2000 units of output per year.

Find the firm’s revenue

Related Book For answer-question

Microeconomics

ISBN: 978-0321866349

14th canadian Edition

Authors: Christopher T.S. Ragan, Richard G Lipsey

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Posted Date: Mar 06, 2024 11:35 PM

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A firm in a perfectly competitive industry has total revenue of $200,000 per year when producing 2000

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Expert Answer:

To find the firms revenue we can use the formula for revenue textRevenue tex... View the full answer

Microeconomics

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