in-a-perfectly-competitive-market-if-the-price-is-22-the-average-total-cost-is-2

Question

In a perfectly competitive market, if the price is $22, the average total cost is $20, and the firm produces 100 units, what is the firm's total profit?

Accepted Answer

$200

Answer

$2000

Answer

$20

Answer

$2200

In a perfectly competitive market, if the price is \$22, the average total cost is \$20, and the firm produces 100 units, what is the firm's total profit?