A firm in perfect competition produces 15 widgets and sells them for a total revenue of $300.At this level of output,the average total cost is $25 per unit,and the average variable cost is $24 per unit.To maximize profit (or minimize loss),this firm should produce:

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The Answer of A firm in perfect competition produces 15 widgets and sells them for a total revenue of $300.At this level of output,the average total cost is $25 per unit,and the average variable cost is $24 per unit.To maximize profit (or minimize loss),this firm should produce:

A Firm in Perfect Competition Produces 15 Widgets and Sells