Company a Manufactures a Single Automotive Component

question 57

Multiple Choice

Company A manufactures a single automotive component.It had total revenue of $100,000 and an economic profit of $20,000.What is the price of the component it manufactures?

• A)($100,000/quantity sold).
• B)($100,000/quantity produced).
• C)($100,000/quantity sold) − average cost of the product.
• D)($100,000/quantity produced) − average cost of the product.

---

Definitions:

Postparental Period

A stage in an adult's life after the children have grown up and left home.

Volunteer

A person who offers services or work for an organization or cause without expecting monetary compensation.

Life Review

A therapeutic process often used in counseling or psychotherapy that involves reflecting on past experiences and significant life events to gain insight or achieve resolution.

Long-term Care

Services and support provided to individuals with chronic health issues or disabilities over an extended period.