Multiple Choice
Neem Products sells its Ayurvedic Neem toothpaste in two completely isolated markets with demand schedules as shown in Table 15-5. The average cost of production is constant at $2 per tube.
-Refer to Table 15-5. What are the total profits from both markets combined?
A) $50
B) $48
C) $18
D) $15
Correct Answer:
Verified
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