Question
A business incurs the following costs: Labor: $175/unit Materials: $40/unit Rent: $450,000/month Assume the firm produces 1 million units per month. The total variable cost,
A business incurs the following costs:
| Labor: $175/unit | |
| Materials: $40/unit | |
| Rent: $450,000/month |
Assume the firm produces 1 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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Economics
Authors: Campbell R. McConnell, Stanley L. Brue, Sean M. Flynn
18th edition
978-0077413798, 0-07-336880-6, 77413792, 978-0-07-33688, 978-0073375694
