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

a

Economics

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In the classical theory of aggregate demand, a decrease in the propensity to hold money will

a. shift the aggregate demand curve up. b. Shift the aggregate demand and supply curves up and to the right. c. have no effect on aggregate demand as the money supply changes. d. will increase the money supply

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Debt is to deficit as

a. money is to income. b. flow is to stock. c. rent is to dividend. d. property is to wealth.

Economics