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Suppose a firm produced 200 units of output, but sold only 150 of the units it produced. The average cost of production for each unit
Suppose a firm produced 200 units of output, but sold only 150 of the units it produced. The average cost of production for each unit of output produced was $80. Each of the 150 units were sold for a price of $50. The total revenue of this firm would be:
a.-$8500
b.$7500
c.$10 000
d.$12 000
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