Suppose a perfectly competitive ukulele factory can produce 35 ukuleles at an output at which marginal cost equals marginal revenue. the price per ukulele is $1300 and the average total cost is $1500. what is the profit or loss that this furniture factory is earning?

There is loss of $7000 that this furniture factory is earning.

Step-by-step explanation:

Since we have given that

Average total cost = $1500

Price per ukulele = $1300

As we know that

Number of units = 35

So, total revenue would be

So,  Loss is given by

Total cost - Total revenue

Hence, there is loss of $7000 that this furniture factory is earning.

h/o/e/s mad

step-by-step explanation:

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