Question

A profit-maximizing firm in a competitive market is currently producing 100 units of output. It has average revenue of $10, average total cost of $8, and ficed costs of $200. What are the firm's profit, marginal cost, and average varible cost respectively?

Answer 1

Firm's Profit $200
Marginal Cost $10
Average Varible Cost Respectively $6

$200, $10, and $6

Answer 2

How did you get that answer pam??