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Expected economic profit per unit is equal to: A. expected

 

Customer Question

Expected economic profit per unit is equal to:
A. expected price.
B. expected average total cost.
C. the difference between expected price and expected average total cost.
D. the difference between expected total revenue and expected total cost.

 



Already Tried:
I say the answer is B, but just want to make sure

Submitted: 384 days and 13 hours ago.
Category: Single Problem
Value: $25
Status: CLOSED

Accepted Answer

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Expert:  TeacherGreg replied 384 days and 13 hours ago.

The answer to this one is

C. The difference between expected price of a good and the expected average total cost of producing it

All the best.

:-)

Expert TypeMaster's Degree
Category: Single Problem
Pos. Feedback: 98.9 %
Accepts: 227
Answered: 4/20/2012

Experience: M.A., M.S. Education / Educational Administration

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