Question: This question is worth 1 point for each part, 3 point total. A firm operating in a perfectly competitive market faces a market price of
This question is worth point for each part, point total.
A firm operating in a perfectly competitive market faces a market price of $ Below is some additional information on the firm:
Output
Workers
Average Total Cost $
Question :
What is the firm's Total Revenue? $
Question :
What is the firm's Average Revenue? $
Question :
What is the firm's Marginal Revenue? $
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