Fatemah weaves traditional Iran rugs. She weaves and sells 50 rugs per month. Her average cost of production per rug is $50. She sells each rug for a price of $65. What is Fatemah's total revenue? Select one: a.$2500 b.$3,250 c.$750 d.$5,750 If Fatemah weaves and sells 50 rugs per month. Based on the same average cost of production per rug as $50 and sales price of each rug as of $65. What is Fatemah's profit? Select one: a.$750 b.$65 c.$15 d.$975

Fatemah weaves traditional Iran rugs. She weaves and sells 50 rugs per month. Her average cost of production per rug is $50. She sells each rug for a price of $65. What is Fatemah's total revenue? Select one: a.$2500 b.$3,250 c.$750 d.$5,750 If Fatemah weaves and sells 50 rugs per month. Based on the same average cost of production per rug as $50 and sales price of each rug as of $65. What is Fatemah's profit? Select one: a.$750 b.$65 c.$15 d.$975

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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