What is the cost minimizing output level for the firm

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Global Investment Group operatesin a perfectly competitive industry with the following Cost andRevenue data:

Average Total Cost = $2.50; Quantity sold =9000 Units; Price Per Unit = $3.50; Marginal Revenue = $3.50;Marginal Cost = $3.50:

(a) What is the cost minimizing outputlevel for the firm?

(b) What is the Average Profit or Lossfor the firm?

(c) What is the Total Profit or Loss forthe firm?

Reference no: EM13246453

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