Florida girl's death brings to light tonsillectomy risks. September 23, 2010|By Lorri Helfand and Letitia Stein, St. Petersburg Times. The recent death of a seemingly healthy, 12-year-old Pinellas County girl following a tonsillectomy may have many parents worried about one of the most common surgical procedures performed in children.
In a perfectly competitive market price is equal to marginal revenue. Price will also equal average cost. If price was greater than average cost the firms in the market would be making profit. This would lead to more firms entering (remember no barriers to entry) until profits are eliminated.
The information below applies to a competitive firm that sells its output for $40 per unit.when the firm produces and sells 150 units of output, its average total cost is $24.50 When the firm produces and sells 151 units of output its average total cost is $24.55. ...uppose a firm in a competitive market produces and sells 8 units of output and has a marginal revenue of $8 what would be the firms total revenue if it instead produced and sold 4 units of output?: