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The Reliable Auto Repair Shop Is Earning a Total Revenue

Question 4

Multiple Choice

The Reliable Auto Repair Shop is earning a total revenue of $7,000. Its total fixed costs are $700, and its total variable costs are $2,500. The Reliable Auto Repair Shopʹs profit is


A) -$1,800.
B) $3,800.
C) $4,500.
D) $6,300.

Correct Answer:

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