based on the information in the table what is marla's profit margin? marla's smoothie shop total revenue-$1,400total cost- $900average cost- $7fixed cost-$700quantity-200 A.$3.50 B.$2.50 C.$4.50 D.$5.00

Principles of Microeconomics
7th Edition
ISBN:9781305156050
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter13: The Cost Of Production
Section: Chapter Questions
Problem 1CQQ
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based on the information in the table what is marla's profit margin?

marla's smoothie shop

total revenue-$1,400
total cost- $900
average cost- $7
fixed cost-$700
quantity-200

A.$3.50

B.$2.50

C.$4.50

D.$5.00

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