Question: Refer to the table below. Quantity Cost Fixed Total Average Total Average Variable Marginal in Costs Costs Costs Costs (in dollars per Costs dollars) (in

Refer to the table below. Quantity Cost Fixed Total Average Total Average Variable Marginal in Costs Costs Costs Costs (in dollars per Costs dollars) (in in (in dollars per unit) (in dollars per dollars) dollars) unit) unit) 0 40 40 15 40 55 55 15 15 2 35 40 75 37 5 17 5 20 3 60 40 100 33.3 20 25 4 90 40 130 32.5 22.5 30 15 125 40 165 33 25 35 6 160 40 200 33.3 26.6 40 If the firm produces 5 units that it sells at a price of $30.00 each, what will its profits or losses equal? profits equal $5 losses equal $15 profits equal $25 O losses equal $25
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