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Saved Refer to the cost table below and answer two questions about profit. Rate of Output Fixed Costs Variable Costs Total Cost Average Total 0

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Saved Refer to the cost table below and answer two questions about profit. Rate of Output Fixed Costs Variable Costs Total Cost Average Total 0 $120 Cost $0 $120 10 120 85 205 $20.50 15 120 125 245 16.33 20 120 150 270 13.50 30 120 240 360 12.00 40 120 350 470 11.75 50 120 550 670 13.40 51 120 633 753 14.76 Compute total profits at a price of $15 per pair of jeans and output of a. 40 pairs b. 50 pairs

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