5. What is the firms profit if the price of its product is $5 and it produces...

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5. What is the firm’s profit if the price of its product is $5 and it produces 500 units of output at a total cost of

$1,000?

a. $5,000

b. $2,500

c. $1,500

d. −$1,500

e. −$2,500

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Krugmans Economics For AP

ISBN: 9781464122187

2nd Edition

Authors: Margaret Ray, David Anderson

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Question Posted: Oct 03, 2024 06:02 AM

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5. What is the firms profit if the price of its product is $5 and it produces 500 units of output at a total cost of $1,000? a. $5,000 b. $2,500 c. $1,500 d. $1,500 e. $2,500
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5. What is the firms profit if the price of its product is $5 and it produces...

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Krugmans Economics For AP

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