Question
A business incurs the following costs: Labor: $145/unit Materials: $35/unit Rent: $300,000/month Assume the firm produces 3 million units per month. The total variable cost,
A business incurs the following costs:
| Labor: $145/unit | |
| Materials: $35/unit | |
| Rent: $300,000/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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Managerial Economics and Business Strategy
Authors: Michael Baye, Jeff Prince
9th edition
9781259896422, 1259290611, 1259896420, 978-1259290619
