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A firm has an average total cost of $50. If it sells 20 units of its product at $100 each, what is its profit?
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5 votes
A firm has an average total cost of $50. If it sells 20 units of its product at $100 each, what is its profit?

User Justinhartman
by
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1 Answer

3 votes

Answer:

$1,950

Step-by-step explanation:

If I understood what you're asking, I did 100 times 20 and then subtracted 50 from that

100x20 = 2000

2000-50 = 1950

User Christophe
by
4.2k points
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