the global investment group, llc operates in a perfectly competitive industry with the following cost and revenue data;1. Average Total Cost = $250, Quantity sold =7000 units, Average Revenue = $200, Marginal Revenue =$200, Marginal cost = $200;a. what is the loss minimization output level for the firm?;b. what is the Average profit or loss for the firm?;c. what is the Total profit or loss for the firm?
Paper#30700 | Written in 18-Jul-2015Price : $22