Billy’s bean bag emporium produced 300 bean bag chairs but sold only 275 of the units it produced. the average cost of production for each unit of output produced was $100. the price for each of the 275 units sold was $95. total profit for billy’s bean bag emporium would

Total profit is -$3,875

Explanation:

Total Profit = total revenue - total cost

Total cost here is the cost of producing all the bean bag chairs for sale, regardless of whether they are bought or not

Total cost = unit production cost * production quantity = 300 * 100 = $30,000

Total revenue = unit price * quantity of units sold = 275 * 95 = $26,125

Total Profit = $26,125 - $30,000 = -$3,875

Negative profit means the company made a loss. Part of the reason is that unit price is larger than production cost, which is unusual. Check that you got the correct information.

answer(b) gdp is not affected by

scott's production of the jewelry box;