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In: Economics

If the price is 500, the demand is 35, and the unit cost of a computer...

If the price is 500, the demand is 35, and the unit cost of a computer per day is 55, the profit is...

Solutions

Expert Solution

Profit is the difference between Total Revenue and Total Cost.

Total Revenue: Price * Quantity

= 500 *35 = 17500

Total Cost = AC *Q

= 55 * 35 = 1925

Therefore, profit will be 17500- 1925 = 15,575

Rahul Sunny answered 2 years ago
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