Multiple Choice
Company A manufactures a single automotive component.It had total revenue of $100,000 and an economic profit of $20,000.What is the price of the component it manufactures?
A) ($100,000/quantity sold) .
B) ($100,000/quantity produced) .
C) ($100,000/quantity sold) − average cost of the product.
D) ($100,000/quantity produced) − average cost of the product.
Correct Answer:
Verified
Correct Answer:
Verified
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