At the profit maximizing output, a competitive firm has average fixed costs of $15, average variable costs of $25, and marginal costs of $45. Please enter your responses as a whole number. No decimals and no $ signs please.
a. What are the firms average total cost ? $ b. What is the marginal revenue for this firm? c. What is the price per unit received by this firm? d. What is the profit per unit for this firm? e. At what price should the firm shut down? Any price less than $ f. If price falls to $30 would the firm continue to operate indefinitely? yes or no