Business

Jasmin Chambers

7 February, 00:58

Suppose that a firm in a competitive market is currently maximizing its short run profit at an output of 50 units. If the current price is $9, the marginal cost of the 50th units is $9, and the average total cost of producing 50 units is $4, what is the firm's profit? a. $0

b. $450

c. $250

d. $200

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