If the price is Rs 10, quantity supplied is 20 and the average total cost is Rs

Question

If the price is Rs 10, quantity supplied is 20 and the average total cost is Rs 3, then calculate profit.

Options:

A . Rs 100

B . Rs 140

C . Rs 160

D . Rs 200

Answer: Option B
:
B

Profit =(P-ATC) \times q = 7 \times 20 = R s 140

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