Question

In the case of snack corp, when the price they sell their product at is _______ average cost of production, profits are ______ due to ________ average profit

Answer 1

In the case of snack corp, when the price they sell their product at is below the average cost of production, profits are negative due to negative average profit.

Average profit is defined as total profit divided by performance, or total profit for each period divided by a number of periods. The formula for calculating average profit is Average Revenue - Average Cost = Average Profit.

But in general, small businesses have healthy profit margins between 7% and 10%. However, be aware that certain companies may have lower profit margins. B. A retail or food company. This is because overhead costs tend to be high. Average profit is calculated by dividing the total profit for the year by the number of years of profit.

Learn more about Average profit here: brainly.com/question/26215194

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