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Earned zero economic profits

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A book store owner has the following information: P = MR = $5, ATC = $2, AVC = $1, MC = 5, and Q = 400. From this, she can determine: a. her profits are not being maximized. b. she has earned zero economic profits. c. she has earned economic profits of $ 1,200. d. she has earned economic profits of $1,500. e. she should sell fewer sandwiches

Reference no: EM132312470

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