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If for a perfectly competitive firm, price is Rs 7.2, output is 4500 units, average variable costs are Rs 1.2, and average total costs are Rs 4. The firm's profits are equal to

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If for a perfectly competitive firm, price is Rs 7.2, output is 4500 units, average variable costs are Rs 1.2, and average total costs are Rs 4. The firm's profits are equal to
1). Rs 7200
2). Rs 9000
3). Rs 14400
4). Rs 19800

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1 vote
Answered by on | Votes 1 |
I think option 3 is the right answer

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