edwardsg4484 edwardsg4484

15-04-2024
Business

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Suppose a perfectly competitive paper firm can produce six tons of paper at an output level where marginal revenue is equal to marginal cost. The price per ton of paper is $100 and the average total cost is $75. What is the total profit or loss that the paper firm is earning?
a. $150.00
b. $450.00
c. $600.00
d. -$150.00
f. -$450.00

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