The Campus Crustacean Company receives $2 per box for its crawfish and is selling 1600 boxes to maximize its profits. What is the per-unit profit on a box of crawfish at the profit-maximizing level of output if the variable cost is $1 per box and fixed costs are $1200?
A. $1.25
B. $0.25
C. $1.00
D. $0.50
Answer: B
Economics
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