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Given fixed costs of $500,000 and variable costs per unit of $20, calculate the total cost and average cost per unit for producing 5,000, 10,000,
Given fixed costs of $500,000 and variable costs per unit of $20, calculate the total cost and average cost per unit for producing 5,000, 10,000, and 15,000 units at Nike Inc. Present your calculations and discuss the cost behavior patterns observed as production volume changes.
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