Author Question: The Wax Works sells 500 candles at a price of $10 per candle. The Wax Works total economic costs for ... (Read 105 times)

big1devin · **on:** Apr 19, 2019

Question 1

The Wax Works sells 500 candles at a price of $10 per candle. The Wax Worksʹ total economic costs for producing 500 candles are $2,000. The Wax Worksʹ economic profit is

◦ $2,000.
◦ $3,000.
◦ $5,000.
◦ indeterminate from this information.

Question 2

The Wax Works sells 500 candles at a price of $10 per candle. The Wax Worksʹ total economic costs for producing 500 candles are $2,000. The Wax Worksʹ economic profit is

◦ $2,000.
◦ $3,000.
◦ $5,000.
◦ indeterminate from this information.

shaquita · **Reply #1 on:** Apr 19, 2019

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