Aprofit-maximizing firm in a competitive market is currently producing 200 units of output. it has average revenue of $9 and average total cost of $7. it follows that the firm's a) average total cost curve intersects the marginal cost curve at an output level of less than 200 units. b) average variable cost curve intersects the marginal cost curve at an output level of less than 200 units. c) profit is $400. d) all of the above are correct. refer to table 2. for this firm, the average revenue from selling 3 units is a) $12. b) $4. c) $3. d) $1.

Bandar industries berhad of malaysia manufactures sporting equipment. one of the company’s products, a football helmet for the north american market, requires a special plastic. during the quarter ending june 30, the company manufactured 35,000 helmets, using 22,500 kilograms of plastic. the plastic cost the company $171,000. according to the standard cost card, each helmet should require 0.6 kilograms of plastic, at a cost of $8 per kilogram. 1. what is the standard quantity of kilograms of plastic (sq) that is allowed to make 35,000 helmets? 2. what is the standard materials cost allowed (sq x sp) to make 35,000 helmets? 3. what is the materials spending variance? 4. what is the materials price variance and the materials quantity variance?