Exhibit 9-18 The firm in Exhibit 9-18, who charges the same price to all customers, will earn how much profit?

Question

Exhibit 9-18  The firm in Exhibit 9-18, who charges the same price to all customers, will earn how much profit?

Quizplus · Accepted Answer

The firm in Exhibit 9-18 charges the same price to all customers, which is $15. This means that the firm's total revenue will be $45 (charging 3 customers $15 each). 
To find the firm's profit, we need to subtract the total cost from the total revenue. From the table, we can see that the firm's total cost is $30 (charging a fixed cost of $10 per day for 3 days). 
Subtracting the total cost from the total revenue, we get:
Profit = Total Revenue - Total Cost
Profit = $45 - $30
Profit = $15

Therefore, the firm will earn a profit of somewhere between $30 and $45. The closest option is C) somewhere between $30 and $45.

Exhibit 9-18 the Firm in Exhibit 9-18, Who Charges