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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

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: a. $ 40,000 loss b. $40,000 income c. $14,000 income Od. $ 9,000 loss

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