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

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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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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