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A New Firm Loses $1,600 in Its First Month, but Its

Question 37

Multiple Choice

A new firm loses $1,600 in its first month, but its profit increases by $400 in each succeeding month for the rest of its first year. What is its profit in the twelfth month? ​


A) $6,800
B) $2,800
C) $3,200
D) $6,000
E) $4,400

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