Multiple Choice
If the explicit costs to a firm to produce a unit of output are $6 and the firm sells 200,000 units of output for $8 per unit, the accounting profit received by the producer is
A) $1.2 million.
B) $850,000.
C) $1.6 million.
D) $400,000.
Correct Answer:
Verified
Correct Answer:
Verified
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