A firm produces 10 widgets that they sell for $15 each.The average variable cost for the production of 10 widgets is $13/unit.The fixed cost for this firm equals $20.What is the value of this firm's profits?
A)- $20
B)- $2
C)0
D)$20

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The Answer of A firm produces 10 widgets that they sell for $15 each.The average variable cost for the production of 10 widgets is $13/unit.The fixed cost for this firm equals $20.What is the value of this firm's profits?
A)- $20
B)- $2
C)0
D)$20

A Firm Produces 10 Widgets That They Sell for $15