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Author Question: The Wax Works sells 400 candles at a price of $10 per candle. The Wax Works' total costs for ... (Read 71 times)

FButt

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Question 1

The Wax Works sells 400 candles at a price of $10 per candle. The Wax Works' total costs for producing 400 candles are $500. The Wax Works' economic profit is


◦ -$100.
◦ $3,500.
◦ $4,500.
◦ indeterminate from this information.

Question 2

The Wax Works sells 400 candles at a price of $10 per candle. The Wax Works' total costs for producing 400 candles are $500. The Wax Works' economic profit is


◦ -$100.
◦ $3,500.
◦ $4,500.
◦ indeterminate from this information.


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Marked as best answer by FButt on Apr 19, 2019

cdmart10

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FButt

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Reply 2 on: Apr 19, 2019
Great answer, keep it coming :)


tanna.moeller

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Reply 3 on: Yesterday
Excellent

 

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