Solve. Suppose that 1,000 students took a math examination wherein the maximum score that they can obtain is 100. Their average
1 answer:
You might be interested in
Answer;
Total profit is $18000
Step-by-step explanation:
Given in question
Number of unit is <em>1000</em>
Average revenue is <em>$100</em>
Average total cost is<em> </em><em>$80</em>
Fixed cost is <em>$2000</em>
Total revenue = average revenue number of unit
Total revenue = $100 1000=$100000
Total input cost = total cost + fixed cost
Total cost = average cost total unit
Total cost =$80 1000 = $80000
Total input cost = $80000 + $2000 = $82000
Profit = total revenue-total cost
Profit = $100000 - $82000 = $18000
Total profit is $18000