If a firms output equals 10, product price equals $5.0o, TFC = $8.00, and TVC = $60.00, then the firmsprofit would equalSelect one:a. S.80b. $1.80c. $80.00d. -$16.80e. -$18.00

Answered: If a firms outout equals 10, product…

If a firms outout equals 10, product orice equals $5.00, TFC = $8.00, and TVC = $60.00, then the firms profit would equal Select one: a S.80 b. $180 C S80.00 d. -S16.80 e.-$18.00

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

If a firms output equals 10, product price equals $5.0o, TFC = $8.00, and TVC = $60.00, then the firms
profit would equal
Select one:
a. S.80
b. $1.80
c. $80.00
d. -$16.80
e. -$18.00

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