A certain firm produces and sells potato chips Last year it

A certain firm produces and sells potato chips. Last year it sold 3 million bags of chips at a price of $3 per bag. For last year, the firm\'s, accounting profit was $9 million, total revenue was $9 million, OR explicit costs was $9 million

A firm sold 3 mn bags of chips in a year at Price of $3 /bag

then the revenue can be given as Revenue=Price * Quantity=3*3=$9 mn

Option B of Revenue is correct response

$A certain firm produces and sells potato chips. Last year it sold 3 million bags of chips at a price of $3 per bag. For last year, the firm\'s, accounting profi$

A certain firm produces and sells potato chips Last year it

Solution

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