The Campus Crustacean Company receives $2 per box for its crawfish and is selling 1,600 boxes to maximize its profits. What is the profit per box of crawfish at this equilibrium level of output if the average variable cost is $1 per box and total fixed costs are $1,200?
A) $0.25
B) $0.50
C) $1.00
D) $1.25
Correct Answer:
Verified
Q116: A purely competitive firm does not try
Q117: In pure competition, each extra unit of
Q118: Xavier produces and sells tomatoes in a
Q119: If the demand curve faced by an
Q120: Average revenue and marginal revenue are equal
Q122: Which of the following is true for
Q123: T-Shirt Enterprises is selling in a purely
Q124: A firm sells a product in a
Q125: Assume the price of a product
Q126: Total Revenue $3,000 Per Week Total Variable
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents