$7.60 per hour x 40 hours=
2 answers:
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Answer:
$2500
Explanation:
Given: Total output(quantity)= 1000 units.
average variable cost per unit= $3
Average fixed cost per unit= $1.5
Selling price per unit is $7
We know, Profit=
First, lets find out total cost
Total cost=
Remember, cost=
∴ Total cost= =
Now, finding total revenue.
Profit=
∴ Total profit=
Total profit= $2500