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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