Assume a Firm Is Producing 500 Units of Output and That

question 31

Multiple Choice

Assume a firm is producing 500 units of output and that it sells each unit for $6.Its average total cost is $4.What is its profit

• A)-$2000
• B)-$1000
• C)$1000
• D)$2000

---

Definitions:

Southwestern Artist

An artist originating from or producing work inspired by the Southwestern United States, often reflecting the region's landscapes, culture, and heritage.

Male Designer

An individual who engages in the profession of conceptualizing and creating designs, including fashion, industrial products, or graphics, who identifies as male.

Female Weaver

A woman specializing in weaving, an ancient craft involving the creation of textiles or fabric on a loom through the interlacing of threads.

Textiles

Fabrics or cloths produced by weaving or knitting fibers together, an important part of human civilization and economic activity.