anthony3447 anthony3447
  • 03-06-2021
  • Business
contestada

If a firm sells 6 units at a price of $6 with a total cost of $7, what is the firm's profit from selling 6 units

Respuesta :

Zviko
Zviko Zviko
  • 04-06-2021

Answer:

$6 (loss)

Explanation:

Profit per unit = Selling Price - Cost Price

                       = $6 - $7

                       = - $1

Total profit / (loss) = - $1 x 6 = ($6)

Conclusion

The result is a loss simply because the Cost is higher than the Selling Price

Answer Link

Otras preguntas

Which graph represents an exothermic reaction?
Please help. History is more important for individuals than it is for groups. True or false?
Where are the electrons located?
which is a square matrix?
what is one thing you should do to safely exit or enter a ground blind in hunting
Two vectors, r and c, are equal: r = c. Which of the following statements are true? (Select all that apply.) (A) the y-component of r must be equal to the y-com
PLEASE HELP DUE TOMORROW. one math problem #29
the area A of a square is the length of side L sqaured
A collection of signs and symptoms, often affecting more than one organ or system, that usually occur together in response to a certain condition is referred to
Determine the dimensions of the screen of a 42-inch TV with a 4:3 aspect ratio. Hint: Use 3x^2+4x^2=42^2 to help.