1.EXAMPLE of MR=MC How about if we try an EXAMPLE of MR=MC for a perfectly competitive firm? (TCO C) Answer the next question on the basis of the following information for a purely competitive firm: Output------------Price------------Total Cost ----0--------------$100---------------$100
----1--------------$100---------------$260 ----2--------------$100---------------$290 ----3--------------$100---------------$350 ----4--------------$100---------------$480 ----5--------------$100---------------$700 How many units would the above profit-maximizing
firm produce? 2.Suppose you were instantly promoted to the CEO of your company Kaiser Permanente. Would you control costs any differently than the current approach
?
11 years ago
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