Multiple Choice
Suppose a firm produced 200 units of output but sold only 150 of the units it produced.The average cost of production for each unit of output produced was $80.Each of the 150 units were sold for a price of $50.The total revenue of this firm would be:
A) $12,000
B) $10,000
C) $7,500
D) -$8 500
Correct Answer:
Verified
Correct Answer:
Verified
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