If the firm described in the previous question has no fixed costs, its profits are:
A)$48.
B)$54.
C)$24.
D)$4.
E)-$12

Name: If the firm described in the previous question has no fixed costs, its profits are: A)$48. B)$54. C)$24. D)$4. E)-$12
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Question

Quizplus · Accepted Answer

Without fixed costs, profit is determined solely by the difference between total revenue and variable costs. The correct answer reflects the accurate calculation based on the provided data.

If the Firm Described in the Previous Question Has No