Reference: Ref 11-7 (Table: Competitive Firm) Refer to the table that shows the revenue and cost schedules for a competitive firm. What is the average cost at the profit maximizing quantity?
A) $54.30
B) $58.75
C) $50
D) $80

Question

Reference: Ref 11-7 (Table: Competitive Firm) Refer to the table that shows the revenue and cost schedules for a competitive firm. What is the average cost at the profit maximizing quantity?
A) $54.30 
B) $58.75 
C) $50 
D) $80

Quizplus · Accepted Answer

The Answer of  Reference: Ref 11-7 (Table: Competitive Firm) Refer to the table that shows the revenue and cost schedules for a competitive firm. What is the average cost at the profit maximizing quantity?
A) $54.30 
B) $58.75 
C) $50 
D) $80

Reference: Ref 11-7 (Table: Competitive Firm) Refer to the Table