Company A manufactures a single automotive component. It had total revenue of $100,000 and an economic profit of $20,000. What is the price of the component it manufactures?
A. ($100,000/quantity sold).
B. ($100,000/quantity produced).
C. ($100,000/quantity sold) ? average cost of the product.
D. ($100,000/quantity produced) ? average cost of the product.
Answer: A
Economics
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