Doug produced 100 donuts but only sold 90 of them. The average cost of production for each donut was $1. Each of the 90 donuts sold was sold for a price of $1.20. What was Doug's total revenue? $108 $100 $8 $120

Doug produced 100 donuts but only sold 90 of them. The average cost of production for each donut was $1. Each of the 90 donuts sold was sold for a price of $1.20. What was Doug's total revenue? $108 $100 $8 $120

Microeconomics

13th Edition

ISBN:9781337617406

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter8: Production And Costs

Section8.4: Costs Of Production: Total, Average, Marginal

Problem 2ST

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Doug produced 100 donuts but only sold 90 of them. The average cost of production for each donut was $1. Each of the 90 donuts sold was sold for a price of $1.20. What was Doug's total revenue?

$108

$100

$120.

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