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A business incurs the following costs: Labor: $110/unit Materials: $95/unit Rent: $150,000/month Assume the firm produces 2 million units per month. The total variable

 

A business incurs the following costs: Labor: $110/unit Materials: $95/unit Rent: $150,000/month Assume the firm produces 2 million units per month. The total variable cost, per month, is The total fixed cost, per month, is The total cost is $ million. million. million.

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