Respuesta :
The amount of its average variable cost $3,960.
What is a market price?
The price at which a good or service can currently be purchased or sold is known as the market price. The dynamics of supply and demand influence the market price of a good or service. The market price is the cost at which the quantity supplied and the amount demanded are equal.
In order to determine consumer and economic surplus, the market price is used. Customer surplus, also known as the market price, is the difference between the highest price a consumer is willing to pay and the actual amount they pay for the commodity. Consumer surplus and producer surplus are two related concepts that are referred to as economic surplus.
Producer surplus, often known as profit, is the sum that producers make when they sell their goods at the going rate (provided that the market price is higher than the least that they would be willing to sell for). Consumer surplus and producer surplus together make up economic surplus.
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