Multiple Choice
If the price of a firm's product is $12 and the firm faces a constant marginal cost of $5 that is equal to its (constant) average total cost, the profit from selling a unit of the firm's product from its inventory is equal to ________ .
A) $15
B) $5
C) $7
D) $8
Correct Answer:
Verified
Related Questions
Q68: Happy Bagels sells its bagels for $6
