Use the following to answer questions:
Figure: The Perfectly Competitive Firm 
-(Figure: The Perfectly Competitive Firm) Look at the figure The Perfectly Competitive Firm. The firm faces demand curve d and maximizes profit. In a long-run equilibrium, this firm will produce _____ units of output and sell its output for _____.
Definitions:
Geometric Average
A method of calculating the average rate of return that accounts for compounding, commonly used for investment portfolios.
Total Returns
Total returns include all sources of investment return including capital gains, dividends, and interest, measured over a specific time period.
Variance
A statistical measure of the dispersion of data points in a data series around the mean.
Total Percentage Return
The total return on an investment, expressed as a percentage, that includes all dividends, interest, and capital gains.
Q11: (Table: Demand for Lenny's Coffee) Look at
Q36: (Figure: Cost Curves for Corn Producers) Look
Q208: (Table: Production Function for Soybeans) Look at
Q232: When an increase in the firm's output
Q233: (Table: Tonya's Production Function for Apples) Look
Q246: (Table: Cost Data) Look at the table
Q260: (Table: Soybean Cost) Look at the table
Q310: Suppose that the market for haircuts in
Q313: (Table: Prices and Demand) Look at the
Q353: (Table: Tonya's Production Function for Apples) Look