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If the total costs of producing 1,500 units of output is $15,000 and this output sold to consumers for a total of $16,500, then the firm would earn profits of ________
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If the total costs of producing 1,500 units of output is $15,000 and this output sold to consumers for a total of $16,500, then the firm would earn profits of ________

User Shivangam Soni
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Answer: $1,500

Step-by-step explanation:

Profit = Total revenue- total cost

= $16,500 - $15,000 = $1,500

I hope my answer helps you

User Robert Sandberg
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