(Answered) A firm has hired you as a consultantnbspthis firm is not

Economics

A firm has hired you as a consultant. This firm is not perfectly competitive--it has some control over prices.

This firm is currently selling 1000 units, generating $10,000 in revenues and $12000 in total costs. The marginal revenue is about $4, it costs them about $5 to make another unit. Per unit variable costs are about $5 per unit.

Based on your analysis, what do you recommend?

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Business Economics, Economics

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