Multiple Choice
A firm is producing 2,500 units at its optimal output, with average variable cost per unit of $4 and average fixed cost per unit of $2.50.If sells its output at $8 per unit, total profit is
A) $10,000.
B) $3,750.
C) $1,500.
D) $20,000
Correct Answer:
Verified
Correct Answer:
Verified
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