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1. Individual Problems 3-7 A business incurs the following costs: . Labor: $105/unit . Materials: $30/unit . Rent: $350,000/month Assume the firm produces 1 million

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1. Individual Problems 3-7 A business incurs the following costs: . Labor: $105/unit . Materials: $30/unit . Rent: $350,000/month Assume the firm produces 1 million units per month. The total variable cost, per month, is $ million. The total fixed cost, per month, is million. The total cost is $ million

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