Asked by Kenny Wayne on Apr 24, 2024
Verified
Using the data in the graph above,calculate the firm's total profit.
Total Profit
The financial gain made after subtracting all expenses from total revenue.
- Strengthen the ability to evaluate and ascertain a firm’s total revenue in varied contexts.
Verified Answer
PS
Patrycja SzymikMay 02, 2024
Final Answer :
Total profit = (price - ATC) output
= ($53.80 - $42.30) 395
= $11.50 395
= $4,542.50
= ($53.80 - $42.30) 395
= $11.50 395
= $4,542.50
Learning Objectives
- Strengthen the ability to evaluate and ascertain a firm’s total revenue in varied contexts.