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A business incurs the following costs: Labor: $135/unit Materials: $90/unit Rent: $250,000/month Assume the firm produces 2 million units per month. The total variable cost,
A business incurs the following costs: Labor: $135/unit Materials: $90/unit Rent: $250,000/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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