Multiple Choice
If at optimum output of 1,000 units, the firm is incurring average variable cost per unit of $3, average fixed cost per unit of $1.50, and selling its output at $7 per unit, total profit is
A) $7,000.
B) $2,500.
C) $1,500.
D) $250.
Correct Answer:
Verified
Correct Answer:
Verified
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