(Figure: Profit Margin 2) What is the profit margin for this firm at a quantity of eight?

Name: (Figure: Profit Margin 2) What is the profit margin for this firm at a quantity of eight?
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Question

Quizplus · Accepted Answer

The profit margin is calculated by subtracting the cost per unit from the selling price per unit. At a quantity of eight, the selling price per unit is $6.00 and the cost per unit is $3.50, so the profit margin is $6.00 - $3.50 = $2.50. Therefore, the correct answer is B.

(Figure: Profit Margin 2) What Is the Profit Margin for This