A firm that produces and sells toys has a factory located in New Town built on a
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A firm that produces and sells toys has a factory located in New Town built on a 50,000 square feet plot of land. The following table gives information about the costs of production and output of the firm. Table Cost of plant and machinery $20000 Wages paid to labor $4000 Annual factory rent $10000 Annual registration fees paid to an industry association $1000 Marketing Costs $20000 Cost of raw materials used in production $3000 Cost of packaging used for the final product $400 Number of toys produced per day 1,000 The price of a toy $30.
Related Book For
Business Statistics In Practice
ISBN: 9780073401836
6th Edition
Authors: Bruce Bowerman, Richard O'Connell
Posted Date: