Question
A business incurs the following costs: Labor: $175/unit Materials: $40/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: $175/unit | |
| Materials: $40/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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Macroeconomics
Authors: David C. Colander
10th edition
1259663043, 1259663048, 978-1259663048
