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Author Question: Consider the following total cost schedule for a perfectly competitive firm producing ball-point ... (Read 24 times)

jordangardner

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on: Oct 12, 2022
Consider the following total cost schedule for a perfectly competitive firm producing ball-point pens.

Output 
per period		TVC ($)TFC ($)
 005
1025
2035
3065
40105
50155
TABLE 9-2

Refer to Table 9-2. Suppose the prevailing market price for this firm's product is $0.45. If the firm is producing 20 units of output per period, then its profit per unit is ________ and its total profit per period is ________.
◦ $9; $180
◦ $0.40; $8
◦ $0.05; $1.00
◦ $6; $120
◦ $0.01; $2
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by jordangardner on Oct 12, 2022

ElaneShive

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Only 35% of students answer this correctly

This really is helpful if you have clipped a ton of coupons will all be in one place so you're not paying a lot of time uncovering them. homesite

jordangardner

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Reply 2 on: Oct 12, 2022
YES! Correct, THANKS for helping me on my review

kusterl

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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