Firm x is producing 1000 units, selling them at $15 each. variable costs are $3 per unit and the firm is making an accounting profit of $3000. what is the firm’s total costs?

total cost = 12,000

Explanation:

From the formula of accounting profit, we can solve for total cost:

Accounting profit = total revenue - totoal cost

Firm X

produce 1,000 units and sell them at $15 each

total revenue: 1,000 units x $15 = 15,000

It has an accounting profit for 3,000

We plug this values into the formula of accounting profit

Accounting profit = total revenue - totoal cost

         3,000           =    15,000          -   total cost

15,000 - 3,000 = total cost

total cost = 12,000

u = 30

continuing your method

= +

subtract from both sides

= - thus

= -

= ⇒ u = 30

answer; automated fingerprint;