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A firm's fixed costs are $54,000, and it sold 350 units at $140 each. The total variable costs were $35,000. The net income or loss

A firm's fixed costs are $54,000, and it sold 350 units at $140 each. The total variable costs were $35,000. The net income or loss of the firm was: Select one: O a. $ 40,000 loss O b. $ 40,000 income Oc. $ 14,000 income O d. $9,000 loss

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