If possible, calculate total profits given a price of $50, an average total cost of $20,...
If possible, calculate total profits given a price of $50, an average total cost of $20, and an output of 5.
Homework Answers
Given, Price = $50, Average Total Cost = $20 , Output = 5
Total Revenue = Price * Quantity = $50 * 5 = $250
Total Cost = Average total cost * Quantity = $20 * 5 = $100
Total Profit = Total Revenue - Total Cost
Total Profit = $250 - $100 = $150
Total Profit = $150
So, total profit will be $150.
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If possible, calculate total profits given a price of $50, an
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