Asked by James Bertakis on Apr 28, 2024
Verified
If a customer values good A at $15,and it costs the firm $10 to produce,current profit per unit is
A) $10
B) $8
C) $5
D) $1
Valuation
The process of determining the current worth of an asset or a company.
Production Cost
The total expenses incurred in the process of creating a product or service, including raw materials, labor, and overhead costs.
- Acknowledge the critical role of initiating and sustaining competitive benefits to acquire value within a market.
Verified Answer
PN
Princess NessaMay 03, 2024
Final Answer :
C
Explanation :
The profit per unit is calculated by subtracting the cost of production from the selling price of the product.
Profit per unit = Selling price - Cost of production
= $15 - $10
= $5
So, the best choice is C.
Profit per unit = Selling price - Cost of production
= $15 - $10
= $5
So, the best choice is C.
Learning Objectives
- Acknowledge the critical role of initiating and sustaining competitive benefits to acquire value within a market.
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