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Minimum price a firm would charge for product

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Reference no: EM13700985

Question: Suppose TFC of producing 100 units of a product is $300,000 and TVC of this output rate is $200,000. 

Assuming AVC=MC, compute the relevant per unit cost measures and illustrate the cost structure of this product. 

What is the minimum price a firm would charge for this product? What is the firm's profit potential for producing this product?

Not sure on how to compute or graph this illustration.

Reference no: EM13700985

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