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Reliable packaging is a perfectly competitive firm. Its output is 20,000 units a day; its daily total revenue is $750,000; its average total cost is $37.50; and its average variable cost is $27.50. It is operating at the output level where average total cost is at a minimum. What is each of the following?

1. Price

2. Total Cost

3. Total fixed cost

4. Total profit

5. Marginal Cost

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91678038

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