Chapter 14, Problem 8PA

Subpart (a):

To determine

Calculate the profit.

Subpart (b):

To determine

The profit, marginal cost, average variable cost, efficient scale of the firm is more or less than or exactly 100 units.

Subpart (c):

To determine

The profit, marginal cost, average variable cost, efficient scale of the firm is more or less than or exactly 100 units.

Subpart (d):

To determine

The profit, marginal cost, average variable cost, efficient scale of the firm is more or less than or exactly 100 units.