If at optimum output of 1,000 units, the firm is incurring average variable cost per unit of $3, average fixed cost per unit of $1.50, and selling its output at $7 per unit, total profit is group of answer choices a) $1,500. b) $2,500. c) $250. d)$7,000.

Correct answer is B, $2,500

Explanation:

To get profit, First, deduct variable cost from sales for the period to get the contribution margin. Finally, Deduct fixed cost from contibution margin to get the profit for the period.

Computation would be:

Sales                        (1,000 x 7)      $7,000

Less: Variable cost (1,000 x 3)      $3,000

Contribution margin                      $4,000

Less: Fixed cost   (1,000 x 1.5)      $1,500

Profit                                              $2,500

*It can also be done by deducting variable cost from the selling price to get the unit contribution margin then deduct the fixed cost from the unit contribution margin and from it multiply the output sold to get the profit.

answer; operating revenues;

being born in poverty would limit the people's chances, opportunities and benefits.

this happen because of several things, such as:

- poor people tend to gain less access to good education and nutrition. this mean that their chance to obtain high paying jobs would also be limited.

- poor people tend to socialize with other poor people while the rich tend to socialize with other rich people. this means that simply throguh their social circle, rich people would have more business opportunities compared to the poor people.

- rich people tend to have more capital in their disposal. this would benefit them in business since it is far easier for them to fund their business operation compared to poor people.