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Management believes it can sell a new product for $ 8 . 5 0 . The fixed costs of production are estimated to be $

Management believes it can sell a new product for $8.50. The fixed costs of production are estimated to be $6,000, and the variable costs are $3.20 a unit,
a. Complete the following table at the given levels of output and the relationships between quantity and fixed costs, quantity and variable costs, and
\table[[Quantity,\table[[Total],[Revenue]],\table[[Variable],[Costs]],Fixed Costs,\table[[Total],[Costs]],\table[[Profits],[(Losses)]]],[0,,,,,],[500,,,,,],[1,000,,,,,],[1,500,,,,,],[2,000,,,,,],[2,500,,,,,],[3,000,,,,,]]
quantity and total costs.
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