Question

Firm Supply. Credit Check, Inc., offers credit checking services to credit card companies and retailers. The following relation exists between the number of credit checks performed and total costs in this viciously competitive market: 7. Total Total Cost S 150 600 1,060 1,540 2,040 2,565 3,115 3,750 Output 1,000 2,000 3,000 4,000 5,000 6,000 7,000 A. Construct a table showing the marginal cost of production. What is the minimum price necessary for the firm to supply one thousand credit checks? B. C. How many credit checks would the firm perform at industry prices of $510 and $550 per thousand? 甲: 昂-

Answer 1

I SO 6oo /060 460 1540 480 2040 500 2565 525 311S 550 l000 200 0 3000 15o 50o0 600 0 450 fr housarol nuol : 8 meol 50-)-6000.