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 = $115. The firm should now produce _________ units of output. Its profit (loss) will be $_________.

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 = $115. The firm should now produce _________ units of output. Its profit (loss) will be $_________.

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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 = $115. The firm should now produce _________ units of output. Its profit (loss) will be $_________.

A Competitive Firm Estimates Its Average Variable Cost Function to Be