Multiple Choice
Scenario: The fixed cost of producing 500 units of Good Y is $25,000, while the variable cost of producing 500 units of Good Y is $60,000.
-Refer to the scenario above.If the equilibrium price charged by a firm producing Good Y in the short run is $170,the firm will earn ________.
A) a profit of $10 per unit
B) a profit of $25 per unit
C) a profit of $0 per unit
D) a profit of $30 per unit
Correct Answer:

Verified
Correct Answer:
Verified
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