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Chrome Corporation's managers have estimated the following cost function for their specialty product: TC = 400 + 800X TC is total cost and X is
Chrome Corporation's managers have estimated the following cost function for their specialty product: TC = 400 + 800X TC is total cost and X is the number of units sold. This means: If the product price is $1,000 per unit, their contribution margin per unit would be $600. O A graph of the total cost line would have an intercept of $800. If the product price is $1,000 per unit, their contribution margin per unit would be $200. O Variable cost per unit is $400.
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