Consider the diagram at right, which applies to a perfectly competitive firm, which at present faces a market clearing price of $20 per unit and produces 10,000 units of output per week.

Question

Consider the diagram at​ right, which applies to a perfectly competitive​ firm, which at present faces a market clearing price of​ $20 per unit and produces​ 10,000 units of output per week.
Part 2
What is the​ firm's current average revenue per​ unit?

GPT 3.5 · Answer

The firm's average revenue per unit is equal to the market clearing price, which is $20 per unit.

Consider the diagram at​ right, which applies to a perfectly competitive​ firm, which at present faces a market clearing price of​ $20 per unit and produces​ 10,000 units of output per week.

Consider the diagram at right, which applies to a perfectly competitive firm, which at present faces a market clearing price of $20 per unit and produces 10,000 units of output per week.