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3. You are the chief financial officer for a firm that sells small-batch custom smartphones. Your firm has the following average-total-cost schedule. Quantity Average Total
3. You are the chief financial officer for a firm that sells small-batch custom smartphones. Your firm has the following average-total-cost schedule. Quantity Average Total Cost 600 players 300 601 301 Your current level of production is 600 smartphones, all of which have been sold. Someone emails, desperate to buy one of your smartphones. The caller offers you $550 for it. Should you accept the offer? Why or why not
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