If the price is $5.00 and Average Total Costs are $10.00 when the firm sells 100...

If the price is $5.00 and Average Total Costs are $10.00 when the firm sells 100 pizzas, find the total profits.

(if you need a negative sign, it MUST be included. Type in $ format, like -$200.00)

Expert Solution

Answer -

Total revenue = 5*100

= $ 500

Total cost = 100*10

= $ 1000

Profit / Loss = TR - TC

= 500-1000

= $ (-500.00)

Rahul Sunny answered 2 years ago

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