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Imagine Company X has fixed costs of $1,000,000 and variable costs per unit of $50. Calculate the total cost and average cost per unit for
Imagine Company X has fixed costs of $1,000,000 and variable costs per unit of $50. Calculate the total cost and average cost per unit for producing 5,000, 10,000, and 15,000 units. Discuss how changes in production volume affect total costs and unit costs.
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