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Suppose a firm produced 200 units of output but sold only 150 units at a price of $80 each. The average total cost (per unit)
Suppose a firm produced 200 units of output but sold only 150 units at a price of $80 each. The average total cost (per unit) was $50. The total profit of this firm would be:
Select one:
a. $12,000
b. $10,000
c. $4,500
d. -$8,500
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