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

Rs 100

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Rs 140

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Rs 160

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Rs 200

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Solution

The correct option is B
Rs 140

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

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

The correct option is B Rs 140 Profit =(P-ATC) ×q=7×20=Rs 140

The correct option is B
Rs 140

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