Answered: based on the information in the table…

based on the information in the table what is marla's profit margin? total revenue-$1,400total cost- $900average cost- $7fixed cost-$700quantity-200

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter5: Buying The Necessities

Section: Chapter Questions

Problem 20AA

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Question

based on the information in the table what is marla's profit margin?

total revenue-$1,400

total cost- $900
average cost- $7
fixed cost-$700
quantity-200

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