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perfectly competitive firm sells pineapples for​ $4 each. MR​ = MC at a quantity of 600 units. Average total cost at the​ profit-maximizing quantity is​ $2.75. This firm is earning a profit of
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perfectly competitive firm sells pineapples for​ $4 each. MR​ = MC at a quantity of 600 units. Average total cost at the​ profit-maximizing quantity is​ $2.75. This firm is earning a profit of

User Tanuj Yadav
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1 Answer

4 votes

Answer:

$ 750

Step-by-step explanation:

Total cost = average total cost × quantity = $ 2.75 × 600 = $ 1650

Total revenue = price × quantity = $ 4 × 600 = $ 2400

profit = $ 2400 - $ 1650 = $ 750

User Buz
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