Answered: It costs a cookie firm $2 to sell a…

It costs a cookie firm $2 to sell a single cookie. This firm makes $4 in revenue from each cookie it sells. Assume this firm sells 20 cookies. What is its total profits?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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It costs a cookie firm $2 to sell a single cookie. This firm makes $4 in revenue from each cookie it sells. Assume this firm sells 20 cookies. What is its total profits?

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