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

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

answer; institution;