Firms supply. credit check inc. offers credit checking, Ask an Expert

Economics

Firms supply. Credit Check, Inc., offers credit checking services to credit card companies and retailers. The following relation exists between the number of credits checks performed and total costs in this viciously competitive market:

Total output	Total Cost
0	$150
1,000	600
2,000	1,060
3,000	1,540
4,000	2,040
5,000	2,565
6,000	3,115
7,000	3,750

What is the minimum price necessary for the firm to supply one thousand credit checks?

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Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M9167408

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