The market price is 3 per unit the marginal cost of the, Ask an Expert

Management Studies

Widgets R Us, which is a price-taking firm, is currently producing 250 units of output. The market price is $3 per unit, the marginal cost of the 250th unit is $2.75, average total cost is $3.50 per unit, and average variable cost is $2.50 per unit. What advice should you give Widgets R Us?

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Business Management, Management Studies

Category:- Business Management
Reference No.:- M984905

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