Answer:
The market price for tennis balls is currently $2 At this price, a firm is willing and able to produce 80 tennis balls. However, at this level of production, the firm experiences an average total cost of $0.50 per tennis ball. What is the profit for this firm
$120
Explanation:
$2 each per tennis ball
80 tennis balls produced yields= 160$
total cost per ball is $0.50
then it would be 0.50 x 80= 40
160-40= $120 profit
