not use ai please Using the data below and the information contained in the News Wire, compute total revenue, average total cost, and profit for a T-shirt shop.Rent $100.00 per dayLabor cost $1.00 per T-shirtOutput (sales) = 20 T-shirts per dayInstructions: Round your responses to two decimal places.a. Total revenue per day$b. Average total cost$c. Per-unit profit$d. Total profit per day$

Given Data:Rent: $100.00 per dayLabor Cost: $1.00 per T-shirtOutput (Sales): 20 T-shirts per dayN/B:…

Answered: Using the data below and the…

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter21: Production And Costs

Section21.4: Costs Of Production: Total, Average, Marginal

Problem 2ST

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