Question
A business incurs the following costs: Labor: $100/unit Materials: $40/unit Rent: $200,000/month Assume the firm produces 3 million units per month. The total variable cost,
A business incurs the following costs:
Labor: $100/unit
Materials: $40/unit
Rent: $200,000/month
Assume the firm produces 3 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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A Textbook Of Mathematical Economics
Authors: Dr Chandrakant Singh
1st Edition
9353140986, 9789353140984
