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Author Question: Juan's Software Service Company is in a perfectly competitive market. Juan has total fixed cost of ... (Read 109 times)

LCritchfi

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Juan's Software Service Company is in a perfectly competitive market. Juan has total fixed cost of $25,000, average variable cost for 1,000 service calls is $45, and marginal revenue is $75. Juan's makes 1,000 service calls a month. What is his economic profit?
◦ $5,000
◦ $25,000
◦ $45,000
◦ $75,000
◦ $50,000


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Marked as best answer by LCritchfi on May 24, 2019

lauravaras

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