L lefteye w New member Sep 21, 2009 #1 A firm produces 10 units of output at a market price of $5, a marginal cost of $5, and an average cost of $3. (a) What is the firm’s economic profit? (b) Is this firm maximizing its economic profit? someone just show me how to do this so i can learn please help.
A firm produces 10 units of output at a market price of $5, a marginal cost of $5, and an average cost of $3. (a) What is the firm’s economic profit? (b) Is this firm maximizing its economic profit? someone just show me how to do this so i can learn please help.
