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Answer to Question #288834 in Microeconomics for mmm
Question #288834
a seller of boiled eggs faces a market price,P=ksh15 average total cost of ptoduction,ATC=10 and output,q=150,what is its profit level?
Expert's answer
Profit level;
"=(P-ATC)\\times Q\\\\=(15-10)\\times 150\\\\=750"
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#340153 on Dec 2023
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