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Business, 05.05.2020 18:15 realoneree

The neighborhood ice cream shop finds that when it charges $3 per ice cream cone, its total revenues are $90,000. It has total variable costs of $30,000 and total fixed costs of $40,000. From this we can infer the:a. shop should be moved because the rent is too high.

b. price is less than average total cost.

c. economic profits are $20,000.

d. shop will be closed in the long run.

e. shop sells 10,000 ice cream cones.

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