Limited access

Upgrade to access all content for this subject

A perfectly competitive firm is currently producing $99$ units of a good which it sells for $\$10$ per unit. If the firm increased the quantity it produced from $99$ to $100$, its total costs would increase from $\$490$ to $\$500$. Based on this information, what would the firm's marginal profit be if it produced the $100^{th}$ unit?

A

$\$0$

B

$\$5$

C

$\$10$

D

$\$500$

E

$\$1{,}000$

Select an assignment template