Apurely competitive firm finds that the market price for its product is $30.00. it has a fixed cost of $100.00 and a variable cost of $15.00 per unit for the first 50 units and then $35.00 per unit for all successive units. instructions: round your answers to 2 decimal places. a. does price equal or exceed average variable cost for the first 50 units? . what is the average variable cost for the first 50 units? $ .b. does price equal or exceed average variable cost for the first 100 units? . what is the average variable cost for the first 100 units? $ .c. what is the marginal cost per unit for the first 50 units? $ per unit. what is the marginal cost for units 51 and higher? $ per unit. d. for each of the first 50 units, does mr exceed mc? . what about for units 51 and higher? .e. what output level will yield the largest possible profit for this purely competitive firm? units.
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Apurely competitive firm finds that the market price for its product is $30.00. it has a fixed cost...
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