Need now please . Firm AFirm BPrice andCost(dolars)Price andCost(dolars)MCMCATC11111010AVCATC8.AVC4! !100 150 200Quantity15070 90 100Quantity00 764.2.00 762. What is the total fixed cost of Firm A, a perfectly competitive firm facing thedemand d, at the point where it produces in the short run (profit maximizing point)?O a) $3b) $300O c) $90d) $400

In perfectly competitive market, there are large number of firms selling identical goods.

Answered: What is the total fixed cost of Firm A,…

What is the total fixed cost of Firm A, a perfectly competitive firm facing the demand d, at the point where it produces in the short run (profit maximizing point)? O a) $3 b) $300 O c) $90 d) $400

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

Need now please .

Firm A
Firm B
Price and
Cost
(dolars)
Price and
Cost
(dolars)
MC
MC
ATC
11
11
10
10
AVC
ATC
8.
AVC
4
! !
100 150 200
Quantity
150
70 90 100
Quantity
00 76
4.
2.
00 76
2.

What is the total fixed cost of Firm A, a perfectly competitive firm facing the
demand d, at the point where it produces in the short run (profit maximizing point)?
O a) $3
b) $300
O c) $90
d) $400

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