contestada

A competitive price-searcher firm is currently producing 10 units of output. At this level of output the firm is charging a price equal to $10, has marginal revenue equal to $6, has marginal cost equal to $6, and has average total cost equal to $12. From this information we can conclude that ________.

Respuesta :

Answer:

- $20 profit

Explanation:

In this question, we have to find out the profit which is shown below:

= Total revenue - total cost

where,

Total revenue = 10 units × $10 = $100

And, the total cost = 10 units × $12 = $120

Now put the values to the above formula

So, the value would equal to

= $100 - $120

= -$20 profit

The answer shows that the profit of $20 comes in negative.

Otras preguntas