If the Total Costs of Producing 1,500 Units of Output

question 50

Multiple Choice

If the total costs of producing 1,500 units of output is $15,000 and this output sold to consumers for a total of $16,500, then the firm would earn profits of:

• A) $1,000
• B) $16,500
• C) $1,500
• D) $15,000

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