A competitive firm estimates its average variable cost function to be . The firm's total fixed cost is $3,500.
-Suppose the price of the product is P = $125. The firm should produce _________ units of output. The firm earns a profit (loss) of $__________________.

Question

A competitive firm estimates its average variable cost function to be .  The firm's total fixed cost is $3,500.
-Suppose the price of the product is P = $125. The firm should produce _________ units of output. The firm earns a profit (loss) of $__________________.

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The Answer of A competitive firm estimates its average variable cost function to be .  The firm's total fixed cost is $3,500.
-Suppose the price of the product is P = $125. The firm should produce _________ units of output. The firm earns a profit (loss) of $__________________.

A Competitive Firm Estimates Its Average Variable Cost Function to Be