Suppose a Monopolist Charges a Price of $27 for Its

question 131

Multiple Choice

Suppose a monopolist charges a price of $27 for its product and sells 10 units at that price. At 10 units of production the firm has average fixed cost equal to $10 and average variable cost equal to $12. How much total profit is the firm earning at this price?

• A)$5
• B)$25
• C)$50
• D)$140

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