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Author Question: The Wax Works sells 500 candles at a price of $10 per candle. The Wax Works total economic costs for ... (Read 141 times)

big1devin

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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.


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Marked as best answer by big1devin on Apr 19, 2019

shaquita

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big1devin

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


CAPTAINAMERICA

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Reply 3 on: Yesterday
Excellent

 

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