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?


1
Expert's answer
2022-01-24T08:37:46-0500

Profit level;

=(P−ATC)×Q=(15−10)×150=750=(P-ATC)\times Q\\=(15-10)\times 150\\=750


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