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charle [14.2K]
2 years ago
15

A firm that sells baseballs has estimated that at its current level of production its variable costs are $70 while its fixed cos

ts are $50. The firm has sold $300 worth of baseballs this year. What is the firm's total profit
Business
1 answer:
ella [17]2 years ago
6 0

The firm's total profit for this year based on the firm's current level of production is $180.

<h3>What is the total profit?</h3>

The total profit is the difference between sales revenue and total (variable and fixed) costs.

<h3>Data and Calculations:</h3>

Sales revenue = $300

Variable costs =    (70)

Contribution      $230

Fixed costs           (50)

Total profits      $180

Thus, the firm's total profit for this year based on the firm's current level of production is $180.

Learn more about total profits at brainly.com/question/21613450

#SPJ1

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