A firm produces and sells a good for $119. To produce this good they purchased materials for $14, they paid wages of $45, and they paid rent of $13. What is the firm’s profit? Enter a whole number with no dollar sign.

A firm produces and sells a good for $119. To produce this good they purchased materials for $14, they paid wages of $45, and they paid rent of $13. What is the firm’s profit? Enter a whole number with no dollar sign.

Micro Economics For Today

10th Edition

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter7: Proudction Costs

Section: Chapter Questions

Problem 9SQ

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