kamalawesomeness kamalawesomeness

23-03-2024
Business

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You are given the following cost and revenue data for Parkin’s Pickles, a perfectly competitive firm at its current output level.

TR = $2,000 TFC = $1,000 MC = $18

AFC = $8 AVC = $10

a. Is the firm making a profit or a loss? How much?

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