You Are Given the Following Cost and Revenue Information for Cindy's

question 70

Essay

You are given the following cost and revenue information for Cindy's Candles,a perfectly competitive firm at its current level of output.
AFC = 4
ATC = 10
TVC = 600
MC = 10
TR = 1,200
a)What is the amount of profit or loss?
b)Is the firm producing at its optimal level? If not,should it increase or decrease output?
a)Economic profit = $200

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