Asked by Jesse Gonzalez on May 01, 2024
Verified
How much are the firm's total profits in the graph above?
Total Profits
The final financial gain from a business operation after subtracting all expenses, taxes, and costs from total revenues.
Firm
A business organization, such as a corporation or partnership, engaged in commercial, industrial, or professional activities.
- Evaluate the economic and accounting returns from the presented financial data.
Verified Answer
CD
chirag darajiMay 06, 2024
Final Answer :
Profit = (Price - ATC) Output
= ($32 - 27.40) 36
= $4.60 36
= $165.60
= ($32 - 27.40) 36
= $4.60 36
= $165.60
Learning Objectives
- Evaluate the economic and accounting returns from the presented financial data.