Company A manufactures a single automotive component. It had total revenue of $100,000 and an economic profit of $20,000 . What is the price of the component it manufactures?

a. ($100,000/quantity sold).
b. ($100,000/quantity produced).
c. ($100,000/quantity sold) ? average cost of the product
d. ($100,000/quantity produced) ? average cost of the product


a

Economics

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