nellydeb7040 nellydeb7040

28-12-2019
Business

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Roger owns a small health store that sells vitamins in a perfectly competitive market. If vitamins sell for $12 per bottle and the average total cost per bottle is $11.50 at the profit-maximizing output level, then in the long run_________.

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princessesther2011 princessesther2011

28-12-2019

Answer:

Profit per bottle is $0.50

Explanation:

Sales price per bottle = $12

Total cost price per bottle = $11.50

Profit per bottle = sales price - total cost price = $12 - $11.50 = $0.50

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