Scribd
Upload
31 views

Activity Question On Perfect Competition

Uploaded by

sattwikd77
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
31 views

Activity Question On Perfect Competition

Uploaded by

sattwikd77
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 1

Activity: Questions on Perfect Competition

Question 1

Q TC TFC TVC AVC ATC MC


0 100 100
1 130 100
2 150 100
3 160 100
4 172 100
5 185 100
6 210 100
7 240 100
8 280 100
9 330 100
10 390 100

1. Complete the table


2. Graph AVC, ATC, and MC on the same graph. What is the relationship between MC and the ATC
and between MC and the AVC?
3. Suppose that the market price is $30. How much will the firm produce? How much are the total
profit?
4. Suppose the market price is $50. How much will the firm produce in the short run? What are
total profits?

You might also like