If you know that the market price for a perfectly competitive firm is 10 Dirhams and the average total cost for this firm -5 dirhamds and the quantity of the maximum profit for this company is- 100 units and the profit/loss (market price - average total cost) x quantity of maximum profit 1- calculate the amount of profit or loss this company has 2- do you advise the company to continue in the market or to shut down the business?

If you know that the market price for a perfectly competitive firm is 10 Dirhams and the average total cost for this firm -5 dirhamds and the quantity of the maximum profit for this company is- 100 units and the profit/loss (market price - average total cost) x quantity of maximum profit 1- calculate the amount of profit or loss this company has 2- do you advise the company to continue in the market or to shut down the business?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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