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It costs a firm that sells t-shirts $5 to sell a single t-shirt. This firm makes $15 in revenue from each t-shirt it sells. If this firm sells 20 t-shirts, what is its total profit? g
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It costs a firm that sells t-shirts $5 to sell a single t-shirt. This firm makes $15 in revenue from each t-shirt it sells. If this firm sells 20 t-shirts, what is its total profit? g

User Tedinoz
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1 Answer

2 votes

Answer:

$200

Step-by-step explanation:

total profit = total revenue - total cost

average cost = $5

average revenue = $15

total revenue = average revenue x quantity = $15 x 20 = $300

total cost = average cost x quantity = $5 x 20 = $100

total profit = $300 - $100 = $200

User Quy
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