Consider the price and quantity data below for a perfectly competitive firm producing mousetraps. TABLE 9- 1
-Refer to Table 9- 1.Suppose this firm is producing 1500 mousetraps and its average total cost is $5.10 per unit.The firm will be
A) earning profits of $150.
B) earning profits of $7650.
C) breaking even.
D) suffering losses of $7650.
E) suffering losses of $150.
Correct Answer:
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