Juan's Software Service Company Is in a Perfectly Competitive Market

question 261

Multiple Choice

Juan's Software Service Company is in a perfectly competitive market.Juan has total fixed cost of $25,000,average variable cost for 1,000 service calls is $45,and marginal revenue is $75.Juan's makes 1,000 service calls a month.What is his economic profit?

• A) $5,000
• B) $25,000
• C) $45,000
• D) $75,000
• E) $50,000

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