Multiple Choice
A perfectly competitive firm produces in a market where the prevailing price is $25.At its current output level of 10,000 units,its average total cost equals $15.The firm is earning
A) a total money profit of $100,000
B) a total economic profit of $100,000
C) a total money profit of $250,000
D) a total economic profit of $250,000
E) both a total money profit and a total economic profit of $100,000
Correct Answer:
Verified
Related Questions
