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Business

Answered

If a firm sells 6 units at a price of $6 with a total cost of $7, what is the firm's profit from selling 6 units

Answer :

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Answer:

$6 (loss)

Explanation:

Profit per unit = Selling Price - Cost Price

= $6 - $7

= - $1

Total profit / (loss) = - $1 x 6 = ($6)

Conclusion

The result is a loss simply because the Cost is higher than the Selling Price

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