Question

General knowledge and contemporary business scenario

Answer 1

2. Subtract your cost to produce the good from the price point to find the profit per unit. For example, if the price point for 2,000 units equals $25 and you can produce the good for $10, subtract $10 from $25 to find that the profit per unit equals $15.

3. Multiply the profit per unit by the number of units to find your total profit from the demand curve. In this example, multiply the profit of $15 by the quantity of 2,000 to determine the profit to be $30,000.

Answer 2

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