Top Posters
Since Sunday
e
5
R
5
e
4
4
d
4
o
3
p
3
t
3
3
m
3
p
3
m
3
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
Blittle5 Blittle5
wrote...
Go to Answer
Posts: 134
Rep: 0 0
A year ago
Consider a perfectly competitive firm producing and selling mousetraps at a market price of $5.00. Suppose this firm is producing 2000 mousetraps and average variable cost is $5.50. What level of economic profit is this firm earning?

▸ $0.50

▸ $1000

▸ -$1000

▸ $0

▸ There is insufficient information to answer to know.
Textbook 
Microeconomics

Microeconomics


Edition: 17th
Author:
Read 31 times
1 Reply
Replies
Answer verified by a subject expert
manuella14manuella14
wrote...
#1
Posts: 141
Rep: 0 0
A year ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

Blittle5 Author
wrote...

A year ago
Thanks
sudenzia
wrote...

Yesterday
Good timing, thanks!
shelbycox
wrote...

2 hours ago
Thank you, thank you, thank you!
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  994 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 1656
  
 281
  
 6772
Your Opinion
Where do you get your textbooks?
Votes: 422
Previous poll results: Which 'study break' activity do you find most distracting?