If the firm operates in a perfectly competitive market, and the market price is $25 per unit, what Quantity should this firm produce at? TFC TC TVC AVC ATC MC TR $100 $100 1 $100 $130 $100 $150 3 $100 $160 4 $100 $172 $100 $185 $100 $210 $100 $240 $100 $280 $100 $330 10 $100 $390 Table 9.1

If the firm operates in a perfectly competitive market, and the market price is $25 per unit, what Quantity should this firm produce at? TFC TC TVC AVC ATC MC TR $100 $100 1 $100 $130 $100 $150 3 $100 $160 4 $100 $172 $100 $185 $100 $210 $100 $240 $100 $280 $100 $330 10 $100 $390 Table 9.1

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

1) The cost curves for a firm in a perfectly competitive industry are given below. Complete the table.
If the firm operates in a perfectly competitive market, and the market price is $25 per unit, what Quantity should
this firm produce at?
TFC
TC
TVC
AVC
ATC
MC
TR
S100
S100
1
S100
S130
2
S100
S150
S100
S160
S100
S172
5
S100
S185
6
S100
$210
S100
$240
S100
$280
S100
$330
10
S100
$390
Table 9.1

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