The table provides daily data on Marla's Smoothie Shop. Use these data to answer the question.What is Marla's profit margin? Table: Marla's Smoothie ShopAverageTotalFixedVariableTotal costcostscostsQuantityrevenuerevenue$1,400$900$7$200$700200

Given, Total revenue = $1,400 Total cost = $900 Quantity = 200

Answered: The table provides daily data on…

The table provides daily data on Marla's Smoothie Shop. Use these data to answer the question. What is Marla's profit margin?

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

The table provides daily data on Marla's Smoothie Shop. Use these data to answer the question.

What is Marla's profit margin?

Table: Marla's Smoothie Shop
Average
Total
Fixed
Variable
Total cost
costs
costs
Quantity
revenue
revenue
$1,400
$900
$7
$200
$700
200

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