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Komok [63]
1 year ago
12

A perfectly competitive apple farm produces 1,000 bushels of apples at a total cost of $36,000. The price of each bushel is $50.

Calculate the firm's short-run profit or loss.
Business
1 answer:
iren [92.7K]1 year ago
3 0

The firm's short run profit is $14,000.

<h3>What is the short run profit or loss?</h3>

Short run profit or loss can be determined by subtracting total revenue from total cost. Total revenue is total units sold multiplied by price per unit.

Short run profit = total revenue - total cost

Short run profit = (1000 x 50) - 36,000 = $14,000

To learn more about profit, please check: brainly.com/question/26181966

#SPJ1

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