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Determine the marginal cost for General Electrics renewable energy production expansion. Cost Components Fixed Costs ($) Variable Costs per Unit ($) Production Volume (units) Renewable
Determine the marginal cost for General Electric’s renewable energy production expansion.
Cost Components | Fixed Costs ($) | Variable Costs per Unit ($) | Production Volume (units) |
Renewable Energy Production | 4,000,000,000 | 10 | 150,000,000 |
Requirements:
Calculate the marginal cost per unit.
Assess the impact of production volume changes on the marginal cost.
Determine the pricing strategy based on marginal cost analysis.
Provide recommendations for optimizing renewable energy production costs.
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