Ask Question
27 November, 19:46

BreatheDeep, a monopolist, produces 10,000 doses of medicine for sever asthma at a cost of $4 per dose. If each dose is sold for $12, then BreatheDeep's total profit would be

+4
Answers (1)
  1. 27 November, 22:40
    0
    If all the doses were sold, the total profit would be of $80,000.

    Explanation:

    To obtain the economic gain of a business, the production cost must be subtracted from the sales value of the products sold. In the case, the 10,000 products were sold at $ 12, giving a total sales revenue of $ 120,000. But in turn, those 10,000 products cost $ 4 each, giving a total production cost of $ 40,000. Therefore, the profit of BreatheDeep, after subtracting production costs, is $ 80,000.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “BreatheDeep, a monopolist, produces 10,000 doses of medicine for sever asthma at a cost of $4 per dose. If each dose is sold for $12, then ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers